Walgreens Boots Alliance announced on Thursday that it has agreed to a $10 billion deal to be acquired by private equity firm Sycamore Partners and go private. After years of falling sales and rising costs,

Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, turning one of the oldest, most recognizable US drugstore chains into a private company.

Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.