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Bloomberg Tech

Thoma Bravo to Pay $12.3 Billion for Dayforce, Nasdaq Fall Continues

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 21 August 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde discusses concerns about AI valuations amid the Nasdaq 100's worst losing streak in five months. Plus, Thoma Bravo Managing Partner Holden Spaht discusses its planned acquisition of Dayforce for $12.3 billion. And Google puts AI at the center of its new Pixel devices.

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Transcript

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0:00.0

Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg.

0:08.6

These are short audio reports, five minutes or less, delivered right to your podcast feed throughout the day.

0:15.2

Stockmovers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's

0:21.0

driving those gains and losses. If you want to stay plugged into the stock market, but don't

0:25.9

want to spend all day watching tickers scroll across your screen, then Stock Movers is a place for you

0:32.0

to get informed. Listen a couple times throughout the day to find out what's moving equities and why.

0:39.0

Search for stock movers on Apple Podcasts, Spotify, or anywhere else you listen.

0:44.4

Get the latest stock news and data backed by reporting from Bloomberg's 3,000 journalists and analysts across the globe.

0:53.0

Subscribe to Stockmovers, wherever you get your podcasts.

1:00.0

Bloomberg Audio Studios.

1:05.0

Podcasts, radio, news.

1:12.0

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovlo in San Francisco.

1:21.8

This is Bloomberg Tech coming up.

1:24.6

Tech stocks, they waver amid the NASDA 100's worst losing streak in five months.

1:29.3

Concerns about AI valuations dominate. That, as we speak with Toma Bravo, about its acquisition of HR software-provider day force in what is set to become one of the investment firm's largest ever deals.

1:41.0

And Google introduces new consumer gadgets, including smartphones and watch and wireless

1:45.2

earbuds with AI front and center. But first, we turn our attention to these markets. We have

1:51.4

been read throughout most of the training day, but certain stocks are doing their best to lift us

1:56.3

into the green. We're off by only a tenth of a percent, but still that's three days of losses

2:00.3

with the NASDAQ 100, the longest losing streak since back in April. Invidia doing its best

2:05.4

to pull us higher. So too, in fact, is Palantir, but check out how much Palantir has been

2:09.7

down over the course of what had been a six-day losing streak, eroding $700 billion worth,

...

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