Google appears to have non-compete funding deal with Apple, report says

Google allegedly pays Apple a portion of all search revenue from Chrome for iOS in what appears to be a non-compete deal, The Register reports.

According to a source said to be familiar with the matter who spoke to The Register, Google has been paying Apple a portion of search revenue generated by Chrome users on iOS in return for being the default search provider in Safari and other commercial benefits. The relationship between Apple and Google is an ongoing area of scrutiny for the U.S. Justice Department and the UK’s Competition and Markets Authority (CMA), which are apparently looking into the secretive search revenue sharing deal.

Google pays Apple around $15 billion annually to ensure that its search engine is the default option on Apple devices, but the latest news that Google is purportedly paying Apple for searches in Chrome for iOS as part of a search revenue sharing deal is a new development. The revenue sharing agreement is said to be known about in detail by only a small number of people. The amount Google is paying Apple and the wider terms of the deal have been redacted from CMA reports.

For more details, read the full story at: https://www.macrumors.com/2023/02/17/google-pays-apple-in-secretive-non-compete-deal/