VOL. I · THE HINDSIGHT EDITIONHISTORY LOOKS OBVIOUS AFTER IT HAPPENS. LIFE DOESN’T.SEPTEMBER 2026

Category

Business

Deals declined, products shelved, and strategic turns reconsidered.

From the evidence file

Famous misses

2008 · Documented primary record

Yahoo said no to Microsoft’s $44.6 billion proposal

Microsoft offered $31 per share in 2008. Yahoo rejected the proposal, Microsoft raised its price, and the talks ended without a deal; later Yahoo transactions are not clean comparisons.

Make the call

Historical scenarios