AOL, Google Extend Search Partnership

Google and AOL have agreed to stay search partners for the next five years.

The two company’s announced on Thursday (Sept. 2) a five-year renewal of their search ad partnership, which was initiated in 2002. Google will continue to power AOL’s natural and paid search results, with the two companies sharing in the associated ad revenue.

Plus, as part of the new pact, AOL has agreed to distribute its content on YouTube, Google’s massive video destination. In addition, Google will now power search on AOL’s mobile properties.

AOL CEO Tim Armstrong, who previously ran ad sales at Google, touted the deal in a statement as a victory for the troubled Web portal.

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