August 4 - 12:05pm EDT   Yahoo investors at the company's shareholders meeting have voted to keep executives suggested through a last-minute deal with activist investor Carl Icahn. The vote keeps nearly all of the existing leaders of the company and showed an unexpected level of confidence in particularly vocal opponents of Microsoft's initial takeover bid for Yahoo, including company CEO Jerry Yang and chairman Roy Bostock, who respectively earned 85.4 and 79.5 percent votes in favor of their remaining in place. [full story]

July 22 - 4:55pm EDT   Yahoo this afternoon reported mixed results for its spring quarter that it blames in part on Microsoft's attempts to buy out the search engine firm. Although its pure revenue climbed six percent to approximately $1.79 billion between April and June with profits climbing slightly to $1.03 billion, the company says its actual operating income dropped a significant 45 percent to $101 million; nearly one quarter of this, or $22 million, was associated with the legal costs both with Microsoft's initial takeover and the recently-ended proxy takeover threat from billionaire Carl Icahn, who had boosted his stake in the company to nearly five percent in an attempt to help vote ... [full story]

July 21 - 8:20am EDT   Yahoo today said it has landed a deal with activist investor Carl Icahn that would help avert his proxy takeover of the search engine company's board of directors. The agreement ensures that eight board members, including company chief Jerry Yang and board chairman Roy Bostock, are allowed to stand for re-election with Icahn's support. In exchange, Icahn himself will be nominated to the board along with two of his previous choices, while board member and Activision Blizzard head Robert Kotick will turn down re-election. [full story]

July 18 - 12:25pm EDT   One of Yahoo's largest shareholders has declared its support for existing management, according to an announcement. Legg Mason Capital Management, which owns 60.7 million shares (4.4 percent) of Yahoo stock, has declared its intentions to vote in favor of Yahoo's current bosses at next month's critical shareholder meeting. "We believe the current Board acted with care and diligence when evaluating Microsoft's [acquisition] offers," reads a statement from Legg Mason chairman Bill Miller. [full story]

July 15 - 10:30am EDT   Microsoft today argued that US House and Senate Judiciary Committees that the proposed Google/Yahoo deal, claiming that Yahoo's agreement to support ads through a non-exclusive deal is anti-competitive and would allegedly hurt innovation. The legal counsel for Microsoft, Brad Smith, expresses fears that Google would control as much as 90 percent of online advertising, allowing it to dictate prices and force companies to advertise through it for proper exposure. He also warns that Google could potentially have a monopoly on Internet services. [full story]

July 14 - 3:45pm EDT   Microsoft today responded to Yahoo accusations that it made an 24-hour offer by rejecting many details of the story, asserting that Yahoo has distorted many of the terms discussed during the weekend. The Windows developer argues that the deal, which would see Microsoft buy out Yahoo's search business, was actually requested by Yahoo chair Roy Bostock and that Microsoft had been told Yahoo might accept a deal if Microsoft raised its bid on certain terms. [full story]

July 13 - 1:25am EDT   Yahoo late Saturday revealed that it has rejected a purportedly aggressive joint bid proposed by Microsoft and investor Carl Icahn. The deal would have seen both the Windows developer and Icahn buy Yahoo's search business and significantly restructure Yahoo to potentially improve its remaining businesses, including the replacement of the board of directors with Icahn's own slate and remove the "top management team" at the company, which most observers believe would include Yahoo chief Jerry Yang as well as others known to have opposed any of Microsoft's earlier offers for takeovers and partial buyouts. [full story]

June 26 - 4:55pm EDT   Activist investor Carl Icahn today filed a proxy statement with the US Securities and Exchange Commission that still insists Yahoo offer itself to Microsoft for a takeover. The filing appears to ignore recent statements by Microsoft that it's now uninterested in a full deal and asks that Yahoo shareholders vote on August 1st for Icahn's takeover-friendly board of directors, who would remove Yahoo head Jerry Yang from his CEO position and directly offer the search engine firm to Microsoft. [full story]

June 12 - 3:35pm EDT   Yahoo on Thursday afternoon revealed that talks between itself and Microsoft have come to an end, putting an abrupt halt to prospects of a renewed deal between the two companies. The early search engine pioneer says that "numerous" meetings were unsuccessful in negotiating a partial transaction and confirms that Microsoft was looking to acquire at least some of Yahoo's search business, a move which Yahoo now says would have been potentially fatal to its long-term health and hurtful to those contributing to the company. [full story]

June 6 - 10:55am EDT   Billionaire investor Carl Icahn today responded to criticisms from Yahoo with a second open letter to the search engine giant. Addressing claims that he has no plans for Yahoo should Microsoft decline to make bid with a newly replaced board in office, Icahn says he would be willing to have Yahoo strike a search deal with Google as long as its terms would still allow a future Microsoft takeover. Icahn doesn't say whether this would still involve the proposed ad bidding system trialed earlier this year or a new plan altogether. [full story]

June 5 - 12:35am EDT   As aggravations rise over the controversial $2.1 billion severance plan, Yahoo insists that talks are ongoing with Microsoft, rebutting against criticism from investor Carl Icahn, who recently wrote Yahoo's chairman a disparaging letter. Yahoo highlighted its recent ad partnerships with Wal-Mart and several others, but president Susan Decker said that an arrangement with Microsoft could still occur. Icahn recently blasted the search giant, calling Yahoo's board "deceitful". [full story]

June 4 - 9:30pm EDT   Investor Carl Icahn on Wednesday issued a letter addressed to Yahoo chairman Roy Bostock, claiming that the actions of CEO Jerry Yang and other members of the board went out of their way to sabotage a potential deal with Microsoft. Silicon Alley Insider reports that the letter sets up a villainous scenario related to the show-stopping severance plan a state judge revealed on Monday. The plan would have a potential cost of $2.1 billion to Microsoft, had the unlikely scenario occurred where all employees quit upon a takeover. [full story]

June 3 - 3:55pm EDT   Activist investor Carl Icahn wants to replace Yahoo chief Jerry Yang in the event that a proxy battle for the control of the company's board is successful, says the Wall Street Journal. An interview with Icahn reveals that is goal is to remove Yang in the belief that the long-time Yahoo executive has no interest in selling his company to Microsoft regardless of the price. The sudden use of extremely expensive severance packages, as well as other moves, are evidence that Yang is determined to keep the company independent at all costs, Icahn argues. [full story]

May 28 - 9:35am EDT   Yahoo is finally nearing a deal that may involve either Microsoft, Google, or both, according to sources' reports at BusinessWeek. The magazine claims that Microsoft's assertions of wanting only a partial transaction with Yahoo aren't entirely true and that the company is entirely willing to buy out the whole of Yahoo rather than just a portion of the company, which is rumored to be either just the search advertising division or else the complete search business. [full story]

May 22 - 11:35pm EDT   Amid the ongoing Yahoo financial drama, Edward Kozel, a member of Yahoo’s board of directors, is stepping down from his position to spend more time with his family and the company has postponed its annual meeting until the end of July. MarketWatch reports that the news comes as billionaire Carl Icahn sets is sights on replacing Yahoo’s board in a proxy war, and could be Kozel’s way of dealing with not wanting to lose face in the eyes of other potential companies. Kozel announced he would be focusing on personal matters, including a move with his family to Europe in the summer. [full story]