Ballmer: Microsoft can move on without Yahoo

Microsoft's chief executive indicates that the software company is unlikely to raise its bid for Yahoo and is "prepared" to walk away from the deal.

Microsoft's CEO on Wednesday indicated that the company is unlikely to raise its bid for Yahoo and is prepared to walk away from the deal.

Steve Ballmer, speaking at a conference in Milan, Italy, said "we know what Yahoo's worth. $44 billion is a lot of money," according to a Dow Jones report.

Ballmer added that Microsoft is "prepared to move forward alone without Yahoo."

Yahoo on Tuesday reported that its first-quarter net income increased dramatically and reported earnings per share of 11 cents, 2 cents above analyst estimates.

Ballmer made similar comments on Tuesday, ahead of Yahoo's earnings report.

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