Brazil’s Linx set to be acquired by StoneCo for $1.28 billion

Shareholders of Brazilian software firm Linx have agreed to back an acquisition offer from NASDAQ-listed payments processor StoneCo.
The transaction is valued at 6.8 billion reais ($1.28 billion), making it one of the largest ever deals involving a Brazilian technology company. The approval of 63% of Linx’s shareholders for the takeover offer ends a bidding war that saw StoneCo competing with Brazilian ERP giant Totvs since August.
By Angelica Mari via ZD Net