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Totvs–Stone software deal under review in Brazil

By Maria Júlia Baumert ( September 24, 2025, 16:52 GMT | Insight) -- Brazil’s competition authority is reviewing software giant Totvs’ proposed acquisition of Grupo Stone’s enterprise management software division Linx. Horizontally, the transaction may affect competition in various segments of enterprise application software, including enterprise resource planning, customer relationship management, and production and operations. Vertically, the deal presents overlaps involving electronic funds transfer services with enterprise software.Brazil’s competition authority is reviewing software giant Totvs’ proposed acquisition of Grupo Stone’s enterprise management software division Linx....

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