Silver Lake in talks to buy Workday, sources say

Private equity firm Silver Lake is in talks to acquire Workday WDAY.O, which has a market value of about $43 billion, in a deal that would rank among the largest software buyouts in history, according to people familiar with the matter. 

Why it matters  

Investors have questioned the durability of traditional software in an era of rapidly advancing artificial intelligence. Workday’s shares have fallen about 15% this year. The stock is down over 40% from its 2024 peak.