Google paid Apple $1 billion to keep search bar on the iPhone

Bloomberg:

Apple received $1 billion from its rival in 2014, according to a transcript of court proceedings from Oracle Corp.’s copyright lawsuit against Google. The search engine giant has an agreement with Apple that gives the iPhone maker a percentage of the revenue Google generates through the Apple device, an attorney for Oracle said at a Jan. 14 hearing in federal court.

Considering how valuable that piece of virtual property is, I bet Google thinks they got a bargain in the deal.