
This isn't the video game industry
While MS could afford to pay to get devs to move over to the Xbox 360 than develop for the PS3, there are just so many news sources out there that Google wouldn't be affected by the loss of News Corp sites.
While Sony and the PS3 has suffered big time from MS buying games for the 360 and taking content away from Sony, there's just too much content out there for Google to be affected.
For News Corp though you can see the benefit, especially if MS' payments would offset their losses. But it would do nothing to hurt Google, which is MS' main intention of course.