#3: Michael Dell and Private Equity Firm Silverlake Buy Dell
If you needed any evidence that mobile tech is upending the world, look no farther than Dell going private. Once the largest manufacturer of PCs on the planet, Dell just didn’t make much sense as a publicly traded company anymore.
On an unadjusted basis, Dell stock used to top $170 a share — but that was a long time ago. When founder Michael Dell and his private equity partners finally bought the company out — something Dell had been pursuing since February — they paid total consideration of just $13.88 a share.
When all was said and done (and after adjusting for splits and dividends), Dell sold at a 75% discount to its all-time high.