Brazilian card processor StoneCo has announced it will merge with retail software company Linx S.A.





Brazilian card processor StoneCo, a firm in which Berkshire Hathaway holds an 8% stake, has announced it will merge one of its units with retail software company Linx SA. Shares in StoneCo were up nearly 11% following the news.

"We are excited to join efforts with Linx in this journey and are looking forward to combining Linx’s deep expertise in vertical software and omnichannel solutions with Stone’s powerful technology and financial services capabilities, our strong client-centric culture and powerful distribution channels."
StoneCo CEO Thiago Piau