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 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.to install Microsoft as the exclusive provider of search technology on Yahoo's network of sites,
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. That's pretty small compared to Google, but 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.