In an attempt from Yahoo current board and the CEO Jerry Yang to contain the mutiny amongst the shareholders for the failure of $47.5 billion takeover deal with Microsoft, The board postponed Yahoo annual meeting from the 3rd of July to the end of July.

Today , Microsoft issued a new press release regarding Yahoo after the current development in the situation since the withdrawal of Microsoft from the takeover proposal . In the recent release Microsoft has announced that they are studying alternate options to expand their business and advertising efforts.

Com Score Inc. has announced that finally Google sites have knocked out Yahoo from the long held number one position for the most visited U.S. site for April 2008 .

In February ,City of Detroit’s Police and Fire Retirement System and General Retirement System, has filed a lawsuit to prevent the Yahoo board from taking any unacceptable actions that prevents the success of the Microsoft takeover proposal.

Billionaire Carl Icahn , one of the major holders of Yahoo shares ,is leading a Yahoo shareholders campaign to to replace Yahoo’s 10 directors headed by Roy Bostock at the company’s July 3 annual meeting .

Since Google and yahoo have announced the launch of their trial ad partnership which enables Google to display Google ads along with Yahoo search results. We have been waiting for this breakthrough in the marketing and advertising online and wondering how it will affect Google adwords program.