Workday jumps after Reuters report on takeover interest from Silver Lake

Workday shares jumped 25% to $220 after a Reuters report said Silver Lake is discussing a potential acquisition of the software company valued at about $43 billion, citing people familiar with the matter.

The transaction would rank among the largest software-sector buyouts on record if completed.

Reuters reported that both companies have held discussions about a potential deal in recent months; talks are ongoing and there is no guarantee a deal will materialize.

Workday and Silver Lake did not immediately respond to requests for comment.

Workday shares are down about 18% so far this year.