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$43 billion, Workday, Inc.'s (NASDAQ: WDAY) market capitalization before Reuters published its report on August 13, is the figure Silver Lake is reportedly circling in a potential acquisition that would rank among the largest software leveraged buyouts in history.
Shares closed up roughly 18% that session, the company's best single-day performance since 2016; the move reached as high as 26% intraday, touching $220.50, before trading was halted for volatility several times in the afternoon.
The deal structure Silver Lake and Workday have been in negotiations for several months, Reuters reported, and talks are ongoing with no guarantee a transaction closes.
The private equity firm may bring in co-investors to help share the financing load, according to the report.
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