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S
Samsung’s understanding of Project Banyan was “prevent unnecessary competition on store.”
“That was Samsung’s frame, that is correct,” says Kolotouros.
Samsung’s counteroffer included: “Utilize Google IAP as the main payment module on Galaxy Store.” Samsung was willing to give Google a cut of in-app purchases, that means.
Instead, Google did three other deals with Samsung in 2020 worth $8 billion, Kolotouros agreed. We didn’t get all the details.
“Play Store will still be distributed and placed on the default home screen for all devices via the MADA, but there is room for Samsung to also add the Galaxy Store,” reads an executive summary. “This saves us $1.0B over 4 years.”
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