- Workday’s stock popped on a report that Silver Lake is in talks to buy it.
- In March, co-founder Aneel Bhusri was renamed CEO.
- Workday shares have come under pressure on fears that AI will upend its business model.
An aerial view of Workday headquarters on Feb. 6, 2025 in Pleasanton, California.
Justin Sullivan | Getty Images
Workday shares popped more than 18% on a report that private equity firm Silver Lake is in talks to buy the human re
Shares were halted multiple times in late afternoon trading and the company’s market value last topped more than $50 billion following the report from Reuters
The discussions have been ongoing in recent months, Reuters reported, citing
Workday and Silver Lake did not immediately respond to CNBC’s request for comment
Concerns that artificial intelligence tools will upend software’s business model have weighed on Workday’s shares in recent months. An acquisition in the space could hint at renewed software appetite despite recent fears
The stock has rebounded from a recent selloff, but shares are down 7% year over year
In March, co-founder Aneel Bhusri was renamed CEO after Carl Eschenbach stepped down. Bhusri has held various leadership roles at the company, including a stint as CEO and co-CEO
“Aneel Bhusri, the CEO, and Egon [Durban] from Silver Lake know each other well through many connections. So we think certainly this could make sense, and I think this goes back to how badly hit software’s been,” analyst Brent Thill told CNBC’s “Power Lunch.”
In May, the company posted better-than-expected results and upped its forecast on AI tailwinds
Workday shares pop on acquisition news
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