Microsoft has finally decided to stop trying to purchase Yahoo after being unable to agree an acceptable sale price. The company had been pursuing Yahoo for 3 months.

Mr Ballmer revealed that Microsoft had raised its original offer to $33/share but Yahoo were insisting on at least $37/share, which was more than the software giant was prepared to pay. The original intentions of the deal was to create a company that was able to compete with Google.

However, Mr Ballmer told his own employees that Microsoft could achieve its goals without Yahoo even if this means a slower pace of development.

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