Workday's $7.5B Rally Rests on Talks That Could Still Fall Apart

Silver Lake is negotiating to buy Workday (market value ~$43B), Reuters reported August 13, 2026. Shares surged 17.6% — the best day since 2016 — adding ~$7.5B and implying an equity value near $50B. No agreement is confirmed. That premium reflects speculation, not a done deal. If talks collapse, late buyers face sharp losses.