Microsoft and Yahoo hope that the consummation of their long-anticipated online search agreement late last month will give them a boost in their frustrating battles with common rival Google. Analysts, though, say the search giant probably has little to fear from the combined effort—at least in the short term.

The 10-year agreement calls for Microsoft’s new Bing search engine to power Yahoo’s search sites, and for Yahoo to sell premium search advertising services for both companies. The companies said they expect the deal, which must be reviewed by U.S. and European regulators, to close early next year.

Analysts do say that the Microsoft-Yahoo partnership should provide each company with some much-needed leverage in their ongoing—and, until now, separate—battles to loosen Google’s longtime stranglehold on the search market, though none expect it to lead to any dramatic changes in that arena.

More: http://www.macworld.com/article/142187