Google has revealed that it will be paying Mozilla $300 million each year to ensure that its leading web search – popularly used for search engine marketing initiatives – remains as the main search engine on the Firefox browser, according to an article published by CNET.

While the announcement was originally made last week, financial terms of the agreement hadn’t been disclosed – with both parties declaring that the deal would simply provide “a significant and mutually beneficial revenue” source.

As a result of the deal, Google will now sit above other search engines – such as Yahoo, Amazon.com and Bing – in Mozilla’s Firefox browser.

The disclosure of the deal’s figure has led many commentators to speculate on how Google will use the opportunity.

Mozilla has previously stated that search engine deals provide it with the vast majority of its revenue. For last year alone, it was revealed that Google contributed around 84 per cent of the $123 million in revenue made by Mozilla during 2010.

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