It's being reported that Twitter is currently in mega-money talks with Microsoft and Google, discussing using Twitter content in searches separately with each search giant.

All Things D reports: "According to sources familiar with the situation - Twitter is in advanced talks with Microsoft and Google separately about striking data-mining deals, in which the companies would license a full feed from the microblogging service that could then be integrated into the results of their competing search engines".

Microsoft's Bing already encompasses some Twitter content in its results while Google recently announced Hot Trends that offers real-time results for popular search terms, so it's a little unclear at this stage what the talks may result in.

All Thing D's sources say "a number of scenarios are being discussed to compensate Twitter for its huge and potentially valuable trove of real-time and content-sharing information, generated from the data stream of billions of tweets from its 54 million monthly users".

We will keep you posted.