Google, on its continued path toward world domination, :>) has paid $900 million for the privilige of continuing to be the official search engine for MySpace.com and other sites owned by Fox Interactive Media until 2010.
“Google’s real goal, however, seems to have a stake in every major source of Internet advertising,” says BusinessWeek.
“It also makes sense for Google to use MySpace to solidify its hold on the online ad market. Online advertising spending is set to reach $16.7 billion this year, according to research firm eMarketer. The company is projecting that revenue stream to balloon to $29.4 billion by 2010.”