Just to be clear: The European Union isn’t making noise about holding up or investigating Microsoft and Yahoo’s proposed search partnership (at least not yet).
Reuters reported on September 15 that the European Union antitrust regulators are in “informal talks” with Microsoft and Yahoo regarding their search deal, via which most of Yahoo’s search would be powered by Microsoft Bing. I’ve seen a few folks jumping to conclusions about what this means — which isn’t too surprising, given the European Commission’s proclivity toward coming down hard on Microsoft around anything that it deems stifling competition.
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Microsoft confirms notification of EU about its Yahoo search deal | All about Microsoft | ZDNet.com