Finance
Brazil's Totvs agrees to buy StoneCo's Linx unit
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Totvs is set to acquire StoneCo's Linx unit for 3.05 billion reais to bolster its retail segment, pending antitrust approval.
SAO PAULO (Reuters) -Brazilian software company Totvs has agreed to buy StoneCo's Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the retail segment.
Totvs has shown interest in Linx since 2020, when StoneCo won a bidding war by paying 6.7 billion reais for the retail software developer. In April, Totvs entered exclusive talks with StoneCo to acquire the unit.
Totvs said in a securities filing that the transaction will be financed through its cash reserves and debt instruments yet to be arranged "under favorable market conditions". The deal requires approval from Brazil's antitrust watchdog.
($1 = 5.5667 reais)
(Reporting by Gabriel Araujo and Luciana Magalhaes)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
A securities filing is a document submitted to a regulatory body, such as the SEC, that provides information about a company's financial performance and operations.
Cash reserves are funds that a company keeps on hand to meet short-term financial obligations or emergencies.
A bidding war occurs when multiple parties compete to purchase an asset, driving the price higher as they place increasingly higher bids.
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