Workday shares jumped about 18% on August 13 after Reuters reported that private equity firm Silver Lake is in talks to acquire the human-resources and finance software maker in a deal that could value the company at around $43 billion. The stock rose as much as 26% to $220.50 intraday before being halted several times for volatility, marking its best trading day since 2016. Negotiations have been ongoing in recent months but no transaction is guaranteed, and Silver Lake may seek other investors to help finance what would be one of its largest technology investments to date. Workday has been under pressure in 2026, trading more than 40% below its 2024 peak amid concerns that AI could erode demand for traditional enterprise software, and co-founder Aneel Bhusri returned as CEO in February to guide the company through the AI transition. Short interest of 12.74% and a decline in hedge fund ownership from 70 funds in the fourth quarter of last year to 63 in the first quarter of this year reflect continued skepticism about a deal closing.
Workday IncPotential $43 billion Silver Lake buyout at a premium drives shares up 18%.
Silver Lake in talks to acquire Workday, a major technology investment.
