Last Wednesday, Twitter sold rights to both search giants Google and Microsoft (Bing) for indexing tweets in their search results. Both claims it to be revolutionary in terms of real-time search. Read their respective blog posts about deal at Google Blog and Bing Blog. It looks like Microsoft took lead over Google in the same day deal. As Microsoft representative quoted, “Bing would be the best way outside of Twitter’s own web site to find out what people are Tweeting. Bing will provide you Real Time tweet results.”

A test version of Bing’s Twitter search debuted Wednesday shortly after the announcement while Google is still indexing Twitter. Though Bing has rolled out Twitter search, it seems its not working in India for now.

None of three is ready to declare deal amount.

Let’s see how this deal is going to effect search engine business. In search engine market, Google has around 70% of market share while Bing is struggling for its mere 15%. The real-time search is quite a buzz word in and around internet community and it seems, with this deal, its a step forward in that space.

These deals were expected as Twitter was under pressure to generate money because of Investors’ total $57 million dollar investment is waiting for return.

Earlier Twitter’s key documents were published on TechCrunch after they were retrieved by a Hacker. According to that Twitter has projected revenues of $400,000 in the third quarter (Q3) and $4 million in the fourth quarter (Q4) along with 25 million users at the end of 2009. The projections for the end of 2013 were $1.54 billion in revenue, $111 million in net earnings, and 1 billion users.