In a dynamic turn of events for Brazil’s technology landscape, Totvs $TOTS3.SA has reignited discussions regarding major acquisitions. On Friday, the Brazilian software development powerhouse announced that it has resumed negotiations to acquire a division of StoneCo $STNE and has signed an exclusive agreement for a defined period with Linx. This development follows earlier signals from February when Totvs decided to bow out of the competitive pursuit for Linx without providing further details.

Brazilian software developer Totvs $TOTS3.SA announced on Thursday that it is withdrawing from the competitive process to acquire the Linx division of StoneCo $STNE. This decision was outlined in a securities filing, though no further details were provided by Totvs.