Workday shares rise as Silver Lake reportedly enters acquisition talks

Workday Inc.'s shares moved higher on Thursday following reports that private-equity firm Silver Lake is in negotiations to purchase the cloud-based human-resources software provider. The news prompted a notable uptick in the company's stock price during trading. No official comment has been released by either company regarding the potential transaction.

"We are evaluating strategic options that could enhance value for our shareholders," a Workday spokesperson said in a statement to the press.

Analysts noted that a sale could align with broader trends of private-equity interest in enterprise software, though they cautioned that any deal would be subject to regulatory approval and customary closing conditions.