In an answer to all the rumors spreading yesterday, Facebook Inc (NASDAQ:FB) denies any talks with Yahoo! Inc. (NASDAQ:YHOO) to form a new search engine partnership.

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According to a report from The Sunday Telegraph, Yahoo CEO Marissa Mayer and Facebook COO Sheryl Sandberg had spilled the beans about the two companies being engaged in talks of forming a working partnership.

Today, however, Facebook Inc (NASDAQ:FB) rules out the possibility of any such partnership in a brief statement denying that any such talks actually took place.

Here is the full statement :

“People expect a better search experience on Facebook. We are working on improvements to better meet those expectations but are not in talks to enter into a new search partnership.”

According to the Bloomberg, these comments came in reply to a story published in the Sunday Telegraph hinting about the possible Facebook and Yahoo alliance.

This statement, however, does not rule out the possibility of a future integration between the two companies. Given that the two Internet giants have already collaborated together on various projects before, there is still a likelihood that some talks pertaining to an improvement in search capabilities have been going on among the top executives.

Morover, Yahoo! Inc. (NASDAQ:YHOO) is nowhere near ending its search partnership with Microsoft Corporation (NASDAQ:MSFT), as it won’t be easy for Yahoo to walk out from the long term contract with them.

As it appears from Facebook Inc (NASDAQ:FB)’s statement earlier,  the pair can do more in terms of sharing among its users. The likeliehood of greater integrated services is also high and a joint advertisement campaign is also a possibility, if the two of them work together to improve their services for their users. . But building a search engine together, according to Facebook’s statement earlier, is out of question – as of now.

In other news, it was suggested that Facebook Inc (NASDAQ:FB) and Yahoo! Inc. (NASDAQ:YHOO), if not entering into any partnership to build their own search engine, may also just switch to Google monetization to see a radical increase in their bottom lines.