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Story summary
- Silver Lake is in early confidential talks to acquire cloud-software company Workday in a deal valued at about $43 billion.
- After the news, Workday shares surged more than 25% on August 13, 2026, prompting multiple trading halts due to volatility.
- At the rally’s peak, Workday’s market capitalization topped $53 billion, up from roughly $43 billion before the announcement.
- Activist investor Elliott Management disclosed a stake worth more than $2 billion in Workday.
