Workday Soars Most On Record As Silver Lake Weighs $43 Billion Buyout

Workday shares jumped the most on record during late-afternoon trading on Thursday after a Reuters report said Silver Lake was in discussions to acquire the human-resources and financial-management software company.

According to the report, the deal would value Workday at $43 billion and rank among the largest software buyouts in history.

Here's more from the report:

Silver Lake and the human-resources and financial management software company have held discussions about a potential deal in recent months, the people said. The talks are ongoing and there is no guarantee a deal will materialize, said the sources, ‌who ⁠spoke on condition of anonymity because the discussions are confidential.

For context, Workday is a large enterprise-software company whose cloud platform helps organizations manage:

• Human resources, payroll and employee benefits
• Recruiting, workforce planning and performance
• Accounting, budgeting and financial reporting
• Procurement and expenses
• Business analytics and AI agents

Shares of Workday soared as much as 25%...

the largest one-day gain on record, with trading data dating back to 2012.

Workday, like many other software companies, suffered a vicious bear market earlier this year amid the "SaaSpocalypse" ...

... as investors feared that artificial intelligence models would erode the value of costly software products.