Google to pay Samsung US$3.5 billion to remain the default search engine
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Google seems to be handing over a lot of cash these days since the time has apparently arrived to renew its licensing deals. Earlier this month we heard that the tech giant would pay about US$3 billion to have Google Search the default search engine in iOS for one more year. Now, the time has come for Samsung to cash in even more for about the same reason.
According to an article published by The Investor yesterday, "The Korean tech giant receives fees depending on Google’s advertisement earnings from the preinstalled app. JoongAng Ilbo, a local news daily, estimated the amount could reach to some 4 trillion won (US$3.5 billion) this year."
Back in 2014, Google paid Apple about US$1 billion for having its search engine as the default one in iOS. On the other hand, Samsung remains the leading smartphone maker worldwide and having the Google search widgets on the home screen of its devices is surely worth a few good billions.