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Updated from 4:16 p.m. EDT
SAN FRANCISCO -- Shares of Yahoo!(YHOO Quote) slumped following reports that talks with Microsoft(MSFT Quote) concluded with no agreement, and Yahoo! will instead announce a search partnership with Google(GOOG Quote).
Yahoo! later confirmed the breakdown with Microsoft, saying that the software giant was "unequivocally" not interested in pursuing an acquisition of all of Yahoo!, "even at the price range [$33 a share] it had previously suggested."
Yahoo! also said it had turned down a proposal by Microsoft to buy Yahoo!'s search business alone. ...
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