News

NCR-Blackstone deal is off. Again.

'Nothing is going to happen,' an inside source reports.

September 23, 2015

Remember that rumor two weeks ago that Blackstone was back at the table with NCR Corp. for a second run at an acquisition deal?

Well, never mind.

According to a report by the New York Post — a tabloid not known for M&A coverage, but the first publication to break every recent NCR rumor — the investment group has ditched the idea of buying the ATM and financial technology provider, period. End of sentence, end of chapter, end of story.

"Nothing is going to happen," an inside source is quoted as saying in the Post report.

Seeking Alpha reported that NCR shares, which had risen nearly 7 percent after the Sept. 10 report, sank nearly 6 percent on the latest news.