An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights
OTTAWA, Nov 29 (Reuters) – Canada and Google have reached a deal to keep news stories in search results and for the internet giant to pay C$100 million ($73.6 million) annually to news publishers in the country, a Canadian official said on Wednesday.
The deal resolves Alphabet-owned (GOOGL.O) Google’s concerns over Canada’s online news law that seeks to make large internet companies share advertising revenue with news publishers in the country.
“Following weeks of productive discussions, I am happy to announce that we have found a path forward with Google for the implementation of the Online News Act,” Heritage Minister Pascale St-Onge said in a statement.
Canada’s Online News Act, part of a global trend to make internet…
