It looks like Microsoft Corp is getting close to an agreement with Verizon Wireless to become the default search provider on the wireless carrier’s cell phones. This would be a blow to Google! If the agreement is reached, Microsoft will share with Verizon ad revenue from cell phone Web searches with guaranteed payments to Verizon of $550 million to $650 million over five years. This amount is about twice what Google offered. Microsoft is also negotiating a deal to put its Windows Mobile software in additional Verizon devices, however, it’s not clear if Microsoft is offering to pay Verizon for this.
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