Microsoft walks away from Yahoo! deal

Microsoft has said it's no longer interested in buying Yahoo! because the two companies can't agree on a price. Microsoft had originally offered $44.6 billion three months ago, later raising the bid to $47.5 billion. Yahoo! said it wasn't prepared to accept less than $53 billion. Steve Ballmer, Microsoft's CEO, has said the company doesn't plan to launch a hostile bid because it could result in Yahoo! working more closely with Google. [Press release]