Malchediael has been abandoned by one side of the aengudaemonic conflict, and cursed with unending rage for the rest of his existence by the other; that cursed was laid upon him in the present as well, theoretically after the deal was struck (though my chronology may be wrong). Even still, no matter when the curse was laid, he's been given a terrible burden to bear by Iblees, and I see no reason why they would ally. But again, I'm not sure this has any real bearing on the lore at hand.  
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