Noticed the "powered by Google" logo at MySpace.com? Google and MySpace have struck a deal that brings Google display advertsising and contextual ads to MySpace.com. Under the deal, Google search and AdWords will be MySpace search and sponsored ads programs of choice.
The deal would be beneficial for both Google & MySpace. MySpace users can now use Google Search throughout the social network. Google will have better means to serve personalized search and advertisements on the basis of information on MySpace user profiles.