EXCLUSIVE: Silver Lake in talks to buy Workday, sources say

Private equity firm Silver Lake is in discussions to acquire Workday in a deal that could be among the largest software buyouts in history, according to people familiar with the matter. The talks, held over recent months, value Workday (WDAY.O) at a market cap of about $43 billion. The discussions are ongoing and not guaranteed to lead to a transaction, sources said, speaking anonymously because the information is confidential. Neither Silver Lake nor Workday commented immediately. Workday shares are down about 15% this year and more than 40% from their 2024 peak, as investors question how traditional software holds up amid fast-advancing AI.