Walgreens was valued at $100 billion in 2015; today, it is worth less than $8 billion|Ryan Kawailani Ozawa|CC BY-NC-SA 2.0

Walgreens is reportedly discussing selling itself to private equity firm Sycamore Partners, according to the Wall Street Journal. The move comes as the pharmacy has seen a sharp decline in its share value.

The second-largest US pharmacy chain was valued at $100 billion in 2015; today, it is worth less than $8 billion.

Following the news, Walgreens shares surged 18%.