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Scott Berg of Needham tells Bloomberg that payroll-software comps at ~5x revenue imply a fair Workday takeout price of $240-250 in a Silver Lake deal.
both were taken up just above five times revenue. You know that would put a work day share price in that 240 to 250 ranges as I mentioned in my note today.
Scott Berg of Needham tells Bloomberg that fears of AI/vibe-coding displacing payroll and ERP software like Workday are overblown.
I think the fears around payroll and ERP financials are all blown
Scott Berg of Needham tells Bloomberg the biggest risk to a Workday buyout is whether private credit can fund the ~$20-24bn of debt required.
can they raise what's ultimately probably 20 to maybe twenty four billion dollars worth of debt required to get this leveraged bio done. I'm not saying they can't but that's I think probably the biggest concern that the market would have
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