Silver Lake, a major US private equity firm, is in talks to acquire Workday, which has a market capitalization of approximately $43 billion. If completed, the deal is expected to be one of the largest-ever acquisitions in the software industry.
Silver Lake, a major US private equity firm, is in talks to acquire Workday, which provides human resources and financial management software, people familiar with the matter said. The talks have continued for several months and remain ongoing, the people said.
Workday's market capitalization is said to be approximately $43 billion. If the acquisition is completed, it could be an unprecedented deal in terms of scale among major transactions in the software industry.
Workday shares have fallen approximately 15% since the start of the year amid growing concerns about the competitiveness and growth prospects of traditional software as AI advances. They are about 40% below their 2024 peak. Following the Reuters report, however, Workday shares surged 21% in late trading.
Neither Silver Lake nor Workday has commented at this stage.