Boosted by news of a takeover offer from Silver Lake Capital, Workday's stock surged as much as 30% intraday on Thursday, triggering several temporary trading halts. Sources say the two parties have been in contact for some time. Following the announcement, Workday’s market capitalization surpassed $50 billions. Previously, market concerns that artificial intelligence would reshape the software industry landscape had long weighed on Workday's stock price. If this acquisition goes through, it co

Boosted by the news of a potential acquisition by Silver Lake Capital, Workday shares surged by up to 30% during Thursday’s session, triggering multiple temporary trading halts. According to sources familiar with the matter, discussions between the two parties have been ongoing for some time. Following the announcement, Workday's market capitalization surpassed 50 billion USD. Previously, concerns that artificial intelligence would reshape the software industry had weighed on Workday's share price for a prolonged period. If this acquisition goes through, it could signal a renewed investor interest in software assets. Jefferies analyst Thill believes that current Workday CEO Bhusri has close ties with Silver Lake, making the deal feasible. On the fundamentals side, Workday’s earnings report in May exceeded expectations and the company raised its outlook, stating that AI-related trends are bringing substantial benefits.