AI & Enterprise
Workday shares surge more than 25 percent on report of Silver Lake takeover talks; trading halted
Workday shares jumped more than 25 percent after a report that private equity firm Silver Lake is in talks to acquire the software company, CNBC reported on Aug. 13. Trading in Workday was briefly halted late in the session, the report said. Workday and Silver Lake did not immediately respond to questions. Software companies such as Workday have faced pressure in recent months over concerns that AI tools could disrupt existing business models.
