The software sector welcomes a "catalyst"! Acquisition rumors by Silver Lake Capital ignite the market as Workday (WDAY.US) surges nearly 18% in a single day

It is reported that private equity giant Silver Lake is in talks to acquire human resources software maker Workday (WDAY.US), which could become one of the largest software acquisitions in history, according to Zhihui Finance APP. Following this news, Workday's share price surged as much as 30% during Thursday's session, triggering multiple temporary trading halts, and ultimately closed up nearly 18%, marking its best single-day performance since 2016. The company currently has a market capitalization of approximately $51 billion.