Google Inc. (NASDAQ:GOOG) Renews Firefox Search Deal

Categories: Technology





Google Inc. (NASDAQ:GOOG) has renewed its search deal with Mozilla Firefox.

Google Inc. (NASDAQ:GOOG) Renews Firefox Search Deal

Though the company’s own Chrome has surpassed Mozilla Firefox to become the second-most popular web browser, Google Inc. (NASDAQ:GOOG) has renewed its search deal with Mozilla.

Google Inc. (NASDAQ:GOOG) will continue to provide royalties to Firefox for making the company the default search option in the upper-right hand corner of Mozilla Firefox.

Though both companies are not ready to provide the value of the deal, it is estimated at $85 million.

A Google Inc. (NASDAQ:GOOG) spokesman said, “We can confirm that we still have a deal with Mozilla, but have nothing new to share at this time”.

Google Inc. (NASDAQ:GOOG) shares were at 625.65 at the end of the last day’s trading. There’s been a 19.2% change in the stock price over the past 3 months.

Google Inc. (NASDAQ:GOOG) Renews Firefox Search Deal
Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.17
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.22
Zack’s Rank: 2 out of 30 in the industry


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