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Workday jumps 19% after Silver Lake takeover report triggers halt

Shares were later halted for trading after the takeover report, adding to investor uncertainty around the company’s AI outlook.

Reported · Written up by our desk · M&A & Deals

Workday surged about 19% in pre market trading after a report surfaced that Silver Lake was considering a takeover of the software company, according to CNBC Markets.

Trading was then halted, leaving investors to reassess the possibility of a deal and the impact it could have on Workday’s business prospects.

CNBC also noted that Workday investors have been especially sensitive to concerns that AI could disrupt the company’s business model, a theme that has added to the stock’s volatility even before the takeover speculation.

The stock’s sharp move and subsequent trading halt underscore how quickly investor sentiment can shift when deal rumors intersect with broader technology uncertainty.

Latest closeSilver $65.49 ▲1.1%

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