According to the Thursdayreport by AllThingsD, Google has agreed to pay $300 million annuallyto Firefox for its search deal.


Just two days ago, Googleand Mozilla made an announcement that they have reached an agreementto keep Google as the default search engine in the Mozilla’sFirefox browser. This pact was highly crucial for Mozilla because ithad earned 84% of its $123 million revenue from Google searchcontract in 2010.


As per the report ofAllThingsD, the pact of Google and Mozilla states that Google hasoffered $300 million annually for a period of three more years.Google’s main competitor in its bid was Bing, the search engine byMicrosoft. Bing has around 15% of the U.S. search market as per thelatest comScore estimates.


According to StatCounter,Google has paid a huge amount of money for the default search slot inFirefox. Firefox holds around 25% of the global browser market, andtherefore Google has signed a deal with it. However, Firefox isn’tdoing very well nowadays; therefore most of its users are migratingto Chrome, Google’s very own browser. In spite of the shrinkingstate of Firefox, Bing would have earned a major victory by becomingMozilla’s default search engine.


The Microsoft’s marketshare has gained wonderfully in the search business with the aid ofits business partner Yahoo. While Bing has been powering YahooSearch, Yahoo renders search advertising services to both the firms.


Till date, Bing has notbeen successful in chipping away Google’s market share whichremained steady at 65%. Ranking second is Yahoo along with Bing. Bothcompanies have a 15% market share each as per the market analysis byComScore.