A recent blog by Jon Tinter, General Manager of Bing stated that Microsoft Bing will work more closely with facebook and will have enhanced co-operation with Facebook on search.
Microsoft is looking forward to deepen their collaboration level with facebook for upcoming years. As part of this expanded cooperation in search, two companies will soon provide Facebook users with a more complete search experience by providing full access to great Bing features beyond a set of links, including richer answers combined with tools that help customers make faster, smarter decisions.

Also Microsoft and Facebook are planning to launch worldwide Bing-Facebook search integration to the more than 400 million people using Facebook around the world. In return Facebook will take over responsibility for selling display advertisements on its own site.
Since for a long time Microsoft has been working together on advertising alongside Facebook. HE also said MS will continue to provide search advertisements to Facebook.
Bing will continue to exclusively power the web search results on Facebook. This is expected to change and enable Microsoft to continue its focus on driving strong performing campaigns across our own social media and communications tools, including Windows Live Messenger and Hotmail, and via rich content environments across MSN and Xbox Live.
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