Yeah, the deal is approved by both European and US regulators as a latest news says in the BBC website. The European Commission ruled that the deal “would not significantly impede effective competition” as together Yahoo and Microsoft control less than 10% of search market compared to 90% by Google in Europe and so it will rather help to increase competition in search engine market by making Microsoft a stronger competitor to Google. The deal also got the approval of the Department of Justice in the United States.
Microsoft and Yahoo have announced that they would start implementing the deal “in the coming days”. The boll is surely rolling.