It would have been the biggest deal the pharmaceutical industry has seen in more than a decade. But for now, it's off the table.
Pfizer has withdrawn its offer to buy British drug company AstraZeneca for about $119 billion.
American pharmaceutical giant Pfizer, which makes Lipitor and Viagra, has been circling its smaller rival AstraZeneca for months.
AstraZeneca, which makes Nexium and Crestor, has rejected every offer saying Pfizer undervalues the company, and that it wants to remain independent.