MySpace in Discussion with Yahoo & Bing
The search advertising deal with MySpace and Google is going to be finishing next month and MySpace will be free to move their search to a new supplier. The Wall Street Journal report that MySpace is in talks with Yahoo and Bing for a new search deal. See below for a quote from the WSJ:
“News Corp. is in discussions with Google Inc., Microsoft Corp. and Yahoo Inc. about replacing MySpace’s crucial search-advertising partnership with Google, which expires next month, according to people familiar with the matter.
Under the existing deal, Google agreed to make up to $900 million in guaranteed payments for the right to sell small ads as users surf and tap out searches on News Corp.’s My Space.com and on a handful of smaller News Corp. websites.”
It will be difficult for MySpace to find a new deal worth any more than Google’s offer with their decreasing number of users. We’ll let you know if we hear anything!