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Workday fights Silver Lake takeover with $4B buyback and strong government sales.

Market News
02 Sep 2026
24/7 Wall Street
View Source
Bullish
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Workday is actively resisting a takeover bid from Silver Lake by launching a $4 billion stock buyback and showcasing strong growth in government contracts. The company recently completed a $5 billion buyback program early and continues to add new state and local government clients, signaling confidence in its independent future. Despite a recent stock surge driven by takeover speculation, Workday’s five-year stock performance shows a decline, suggesting investors should weigh the risks of a failed deal. The upcoming analyst day and ongoing buybacks reinforce Workday's stance to remain independent, while government contracts provide a stable growth base.

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