Silver Lake is discussing a potential acquisition of Workday, a provider of human resources and financial management software.
The deal would value Workday at approximately $43 billion. This transaction would rank as one of the largest software buyouts in history. Sources indicate the talks have been ongoing for several months. There is no certainty that the parties will finalize an agreement.
Workday shares jumped more than 20% in afternoon trading following the news. Volatility halted trading multiple times. The stock surge temporarily pushed Workday’s market capitalization above $53 billion. Neither Silver Lake nor Workday has commented on the negotiations.