Silver Lake in Talks to Acquire Workday in Historic Software Buyout
WDAY sits 93% above its 52-week low of $110.36.
Summary
Private equity firm Silver Lake is in talks to acquire Workday, a deal that would rank among the largest software buyouts in history. Workday's market value is about $43 billion, making this a transformative event for the company and its shareholders. The news follows a period of strong financial performance, including Q1 fiscal 2027 revenue of $2.54 billion and a $1.6 billion share repurchase program. A take-private would remove Workday from public markets and likely involve a significant premium to the current stock price. The talks are preliminary and may not result in a transaction, but the potential for a deal of this scale is a major development for the enterprise software sector. Workday's stock is heading for a record gain following the acquisition report.
At the time of this announcement, WDAY was trading at $212.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $52.6B. The 52-week trading range was $110.36 to $249.85. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.