Walgreens Boots Alliance has officially entered into a definitive agreement to be acquired by private equity firm Sycamore Partners for approximately $10 billion. This transaction marks a significant shift for the popular drugstore chain, which has seen its market valuation decline from a peak of $100 billion. The decision to go private is part of a broader strategy by Sycamore to revitalize Walgreens, with reports suggesting that the buyout could involve plans for a potential split into three divisions. This acquisition follows a period of challenges for Walgreens, leading to speculation about its future and prompting investigations regarding the fairness of the sale for existing shareholders. The move is expected to enhance operational efficiency and reposition Walgreens in the evolving healthcare landscape.