Arte Moreno took the Angels off the market:

“During this process, it became clear that we have unfinished business and feel we can make a positive impact on the future of the team and the fan experience,” Moreno said in a statement. “This offseason, we committed to a franchise record player payroll, and still want to accomplish our goal of bringing a World Series championship back to our fans.”

Chron.com

That might be a long way of saying, “I didn’t get my asking price.” It could also be that he’s willing to try to develop the area around Angels Stadium with a less corrupt local government.