US Internet business conglomerate InterActive Corp says it does not plan to make an offer for online travel firm ebookers.
Ebookers, which has been in talks over its possible sale, became vulnerable to a bid after it issued a profit warning in July that caused its shares to slump.
However, its shares have since recovered after the company said last month that it had received some bid approaches. Ebookers' shares closed at 227-1/4 pence on Monday, giving it a stock market value of around £150 million sterling.
InterActive had been seen as a possible suitor as InterActive's Expedia online travel division would fit well with ebookers.
Ebookers and rival online travel store Lastminute.com have been hit recently by increasingly tough competition in the sector.