AOL renews 5-year contract with Google
On Thursday, AOL renewed its 5-year contract with Google. The move is intended to maintain Google's market dominance in search functions.
AOL has just 2.3 percent market share in the search market, while Google has 66 percent. Yahoo has a 17 percent share of the market and Microsoft's Bing has 11 percent, according to Venturebeat.com. Yahoo and Microsoft recently signed a 10-year partnership. Google, on the other hand, seems to want to strengthen its position and is securing its market dominance with AOL.
With the extended contract, AOL will receive a share of the operating income from the text-based search functions and some of AOL's videos will be placed on YouTube.
With the extended contract, AOL will receive a share of the operating income from the text-based search functions and some of AOL's videos will be placed on YouTube.
