Microsoft and Yahoo are going to jump into bed together, well sort of.

Microsoft´s plans to buy Yahoo´s internet search and search advertising businesses have been cleared by both European and US regulators.

The BBC says, the European Commission ruled that the deal “would not significantly impede effective competition”. Under the deal, Yahoo´s website will use Microsoft´s Bing search engine, and the two firms will share the revenues.

The companies said today that engineers will begin adapting Bing for the Yahoo site “in the coming days” and that they hope work is completed, at least the United States, by the end of this year.

© 2010, The Brass Monkey Blog . Net. All rights reserved. Feel free to use any or all of this post in your blog. However a link back to us would be appreciated =)