tech
Workday shares post best day in 10 years on Silver Lake takeover report
Workday investors have been on edge over the prospect of AI disrupting its business model
TL;DR
- Workday's stock rose significantly on a report of potential acquisition talks with Silver Lake.
- This news comes as Workday shares have faced pressure due to fears of AI disrupting its business model.
- Aneel Bhusri, co-founder, was reappointed CEO in March.
- Analysts suggest the potential deal could make sense, given the recent downturn in software stocks.
- Despite recent volatility, Workday had previously reported better-than-expected results and increased its forecast, citing AI tailwinds.