Workday (WDAY) Stock Surges 18% on Silver Lake Acquisition Talks
TLDR
- Workday stock jumped nearly 18% after Reuters reported private equity firm Silver Lake is in talks to acquire the company.
- The stock was halted three times on circuit breakers due to extreme trading volatility.
- A deal would rank among the largest software buyouts in history, with Workday valued at around $43 billion before the news.
- Workday’s stock had fallen about 15% year-to-date and over 40% from its 2024 peak before the report broke.
- Silver Lake may bring in additional investors to finance the deal; no agreement has been confirmed.
Workday (WDAY) stock closed at $206.45 on August 13, up nearly 18% on the day, after Reuters reported that private equity firm Silver Lake is in talks to acquire the company. That move pushed Workday’s market value to around $51.1 billion from roughly $43 billion before the news broke.
The stock was halted three times during Thursday’s session as circuit breakers were triggered by the sharp surge in trading volatility.
Prior to the report, WDAY had closed at $175.29 on August 12. That put it down around 30% from its 52-week high of $249.85 and well off its 2024 peak. The stock had fallen roughly 15% year-to-date.
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