NCR Voyix sells digital banking business to Veritas Capital for $2.45B cash plus up to $100M contingent

NCR Voyix Corp

Purchase price $2.45B cash, plus contingent consideration up to $100M based on future return.
Digital banking serves over 1,300 financial institutions and 20M+ active users.
Transaction expected to close by end of 2024, subject to regulatory approvals and customary conditions.
NCR Voyix to use proceeds to de-lever balance sheet and focus on core restaurant/retail offerings.
Buyer has committed financing; reverse termination fee if deal fails under certain circumstances.

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