MSNBC and others are reporting that Microsoft has walked away from its attempt to purchase Yahoo!, according to a spokesperson from Microsoft.
No official statement has yet been released – but a written statement from Microsoft CEO Steve Ballmer is expected shortly.
Update: Microsoft appears to have backed away after Yahoo CEO Jerry Yang requested $53/share to a buyout of Yahoo. You can read Ballmer’s letter to all Microsoft employees over at TechCrunch.
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