Workday stock surges on Silver Lake buyout talks report

Investing.com -- Workday (NASDAQ: WDAY) shares surged 25% Thursday afternoon following a Reuters report that private equity firm Silver Lake is in talks to acquire the company.

The stock was halted three times on circuit breakers as trading volatility spiked on the news. According to the report, Silver Lake and Workday have held discussions about a potential deal in recent months, though the talks are ongoing and no guarantee exists that a deal will materialize.

The potential acquisition, if it valued Workday over its current market cap of $43 billion, and would rank among the largest software buyouts in history. The human-resources and financial management software company has seen its shares decline about 15% year-to-date and fall over 40% from its 2024 peak.

The timing underscores just how deeply Workday had been discounted heading into Thursday. The stock closed at $175.29 on August 12, down roughly 30% from its 52-week high of $249.85, leaving it well inside a range that stretched as low as $110.36 over the past year.

Neither Silver Lake nor Workday responded to requests for comment on the reported discussions.

You May Also Be Interested In

• Elliott targets Deutsche Telekom, opposes $300B T-Mobile merger - Bloomberg News
• Argyle Resources closes C$1.2M dual offering of units
• Scorpio Tankers reports Q3 2026 TCE rates and new charters