The following is a timeline of key events leading up to Yahoo’s Aug. 1 annual meeting.
2006 January – Yahoo Inc begins to report a string of weak quarterly results, reflecting competitive missteps by the company, market share gains by rival Google Inc, changes in the online advertising landscape and weakening spending in some ad segments.
2006 – Microsoft Corp and Yahoo begin preliminary talks on various partnerships, including a merger.
2007 February – Yahoo, under the leadership of previous Chief Executive Terry Semel, tells Microsoft it is not the right time to discuss a takeover, as the 
Yahoo board sees great potential in its new advertising technology and by making internal organizational changes.
2007 June 12 – A strong minority of Yahoo shareholders challenges the company’s direction, as CEO Semel comes under fire. Nearly a third of votes cast at the company’s annual shareholders’ meeting oppose some of Yahoo’s directors.
