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Microsoft (MSFT) has withdrawn its three-month-old offer for acquiring Yahoo (YHOO) because the two sides cannot agree on an acceptable sale price.
The merger of the two companies was designed to tackle Google, an internet search and media giant company. Now Microsoft says it will go it alone and take on Google in internet services all by itself.

Despite Microsoft best efforts, including raising their bid by roughly $5 billion, Yahoo! has not moved toward accepting their offer. Microsoft explain five reasons why it is a good move for Microsoft to withdrawn its offer:

Microsoft wants to catch up with Google. Together with Yahoo this could have been achieved faster. Now, Microsoft believes that the company can do it alone — although at a slower pace.