Workday, Inc. (NasdaqGS:WDAY) signed a definitive agreement to acquire Peakon ApS for approximately $700 million on January 28, 2021. The consideration is subject to adjustments. The transaction is subject to the satisfaction of customary closing conditions, including required regulatory approvals. The transaction is expected to close in the first quarter of Workday's fiscal year 2022, ending April 30, 2021. Bech-Bruun Dragsted, Faraaz Samadi, Simon Folley, Matthew Rose, Mandy Perry, Douglas Lahnborg, James Connor, Nicola Whiteley, Jonathan Rosen and Ian Shaw of Orrick, Herrington & Sutcliffe (Europe) LLP, Stefan Schultes-Schnitzlein, Lars Mesenbrink, André Zimmermann and Christoph Brenner of Orrick Hölters & Elsing, Kristin Cornuelle, Jeanine P. McGuinness, James Tierney, Diana GillsEmily Flanigan, Jennifer Morrill, Matthew Gemello, Michael Wiesner, Eric Wall, Juliano Banuelos, Shannon K. Yavorsky, Joshua Ballin-Goldsmith, Christine Zgombic and Deborah Abernathy of Orrick, Herrington & Sutcliffe LLP acted as legal advisors to Workday, Inc. while Mark Holloway, Daniel Glazer, Michael Labriola, Derek Wallace, Beau Buffier, Christopher Williams and Lore Leitner of Wilson Sonsini Goodrich & Rosati, P.C., Osborne Clarke LLP and Highbridge Advokatanpartsselskab acted as legal advisors to Peakon ApS. Workday, Inc. (NasdaqGS:WDAY) completed the acquisition of Peakon ApS for approximately $680 million on March 9, 2021. As part of the consideration, 683.788 million is paid as cash to stockholders, warrant holders, and vested option holders and $17.960 million paid as transaction costs by Workday on behalf of Peakon.