BeyondGenius.com

Yahoo has postponed their annual shareholder meeting, originally set for July 3, until the end of July to give regulators more time to review documents tied to the board election, the company said today in a corporate filing.
The stated motivation for the postponement is questionable. We think it could be:

Jerry Yang stalling for more time [...]

In a brief statement Sunday, Microsoft announced it was proposing a new arrangement with Yahoo that would not be an outright acquisition of the company. Yahoo said late Sunday that its board would give any proposal due consideration. Both companies have declined to elaborate.
Still hoping to jump-start its own Internet ad business, Microsoft has floated [...]

Microsoft Corp., the software maker that said it had moved on after acquisition talks with Yahoo! Inc. failed, revived the possibility that the companies may strike a deal to challenge Google Inc.
Microsoft said yesterday that it is exploring an agreement with Yahoo that stops short of a full acquisition. Redmond, Washington-based Microsoft didn’t elaborate on [...]

BeyondGenius.com knew that the Microsoft-Yahoo deal would go through, but we didn’t see the introduction of Carl Icahn, the enigmatic billionaire activist investor, who is considering whether to mount a proxy fight to take control of board seats at Yahoo.
Late last week, Icahn built a significant position in Yahoo that may be as much as [...]