Regulatory approval for the deal in Europe seems on track, as Yahoo and Microsoft await approval from U.S. regulators.
Tom KrazitFormer Staff writer, CNET News
Tom Krazit writes about the ever-expanding world of Google, as the most prominent company on the Internet defends its search juggernaut while expanding into nearly anything it thinks possible. He has previously written about Apple, the traditional PC industry, and chip companies. E-mail Tom.
Microsoft and Yahoo appear to have cleared one hurdle in getting their search outsourcing deal approved, according to a report.
The European Commission plans to approve the deal between Microsoft and Yahoo to install Microsoft as the exclusive provider of search technology on Yahoo's network of sites, according to Reuters. It's not that surprising, since Microsoft and Yahoo's combined share on a global basis is minuscule, but is still an important formality for the deal.
Microsoft declined to comment on the report. A representative from Yahoo did not immediately respond to a request for comment.
Regulatory approval is still needed for the deal in the U.S., where the combined share of Yahoo and Microsoft would be about 28 percent according to ComScore. That's pretty small compared to Google, but review of such deals is almost automatic when it involves two of the larger companies in a market combining forces.
Microsoft and Yahoo have said they hope to receive final approval for the deal by early 2010, which implies "first quarter" but leaves the companies some wiggle room.