Who knows. Google is almost certainly bluffing, they wouldn’t pull search from Australia. Especially if that meant conceding the entire market to Bing.
It has changed to favour traditional big papers instead of smaller ones, since yes people go directly to the bigger sites now. Barely anyone goes or even knows what Bing is in Spain.
On a slightly related note I really wish that Microsoft would have done with mobile what they did with edge. A Microsoft branded aosp with Microsoft services.