EC Clears Microsoft Plans to Buy Yahoo Search Businesses

Under the deal, Yahoo's website will use Microsoft's Bing search engine, and the two firms will share the revenues. Photo by thetechherald.com

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

The European Commission ruled that the deal "would not significantly impede effective competition", the BBC reported.

Under the deal, Yahoo's website will use Microsoft's Bing search engine, and the two firms will share the revenues.

Microsoft is seeking to increase its share of the search engine industry, which is dominated by Google.

It and Yahoo first announced the planned tie-up in July of last year.