Mozilla has renewed its default search engine deal with Google and for the privilege the internet search engine giant will pay a
whopping $300 million per year to Mozilla. As per this deal, Mozilla will continue to embed Google as its default search engine on its browser Firefox. The deal is for three years and will see Mozilla getting close to a billion dollars for using Google search engine and should secure the future of the browser.
According to the rumors, Mozilla was also courting Microsoft and Yahoo for such deal. However, Yahoo backed out and Mozilla renewed its ties with Google. Mozilla recently announced that it derived 84 percent of its annual revenue in 2010 from its Google deal. Firefox commands 25 percent market share in global browser market.
Firefox is currently fighting a losing battle as its market share is constantly depleting. So, it is surprising that Google chose to not only renew the deal, but also agreed to pay higher fee. It looks like that Google's main motive was thwart Microsoft's plan to get its search engine Bing as the default choice on Firefox.
Google holds about 65 percent market share in search engine market and the distant runners up are Microsoft's Bing and Yahoo, both of whom command 15 percent share each.