Microsoft withdraws Yahoo! bid!

Microsoft was willing to pay $47.5 billion, or $33 per share

But Yahoo demanded at least $53 billion, or $37 per share, according to Ballmer.

"Clearly a deal is not to be," Ballmer wrote.

"While Yahoo would have accelerated our strategy, I am confident that we can continue to move forward toward our goals." - Ballmer

Read the full report here.

Good luck!

Looks like it is not over yet: Jerry Yang still open for talks.