"It's a really big deal for both companies," Google CEO Eric Schmidt said Thursday at an Internet industry conference in Las Vegas. "It's very good for them and very good for us."

Financial terms weren't disclosed, an indication that the amount being paid isn't large enough to affect either of the companies' finances. When the negotiations between the two companies were first reported nearly four months ago, Google reportedly was considering paying Dell up to $1 billion to load its software over a three-year period.

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