Exclusive-Silver Lake in talks to buy Workday, sources say

Private equity firm Silver Lake is engaged in negotiations to acquire Workday, a human-resources and financial management software company, according to sources familiar with the situation. The potential acquisition, valued at approximately $43 billion, would mark one of the largest software buyouts in history, if completed. Discussions between Silver Lake and Workday have taken place over the past few months, but no final agreement has been reached, as the talks are still in progress.

The sources who spoke on condition of anonymity emphasized that the deal's finalization is not guaranteed. Workday's stock has experienced a decline of around 15% this year, driven by investor concerns about the long-term viability of traditional software in the face of rapid advancements in artificial intelligence. The company's stock has also dropped over 40% from its 2024 peak.