🟢 SAP is trading 4.62% up today after Silver Lake’s reported Workday acquisition talks

SAP is trading 4.62% up now at €183.48 after software stocks rallied on Silver Lake’s reported talks to acquire Workday.

• Reuters described the potential transaction as one of the largest software buyouts in history, lifting valuations across the industry.
• SAP disclosed a critical Commerce Cloud vulnerability patch, but available coverage does not indicate that the company-specific security news drove the gain.
• The move is best attributed to sector-wide optimism.