After months and months of negotiations, fallout and more negotiations - Microsoft and Yahoo have finally sealed the deal on a search pact that they hope will compete with rival Google.

In the deal, preliminarily set in July, Microsoft will power Yahoo's ailing search engine and in return for turning the keys to its search engine over to Bing, Yahoo will keep 88 percent of the revenue from all ads that run alongside search requests on its site for the first five years of the deal.

Internet behemoth, Google, currently holds 65% of the search pie in the United States and an even larger portion of the international market. Yahoo hopes to make an additional $500 million in profit and save about $200 million in capital expenses.

Government regulators still must approve the proposed partnership before Microsoft and Yahoo can begin working together.

Anyone smell attempted search monopoly?