Thursday, December 16, 2010

Blackwater Founder in Deal to Sell Company

http://dealbook.nytimes.com/2010/12/16/blackwater-founder-in-deal-to-sell-company/?hp

The sale, which is expected to be announced on Friday, came after the State Department threatened to stop awarding contracts to the company as long as Mr. Prince owned the firm, people involved in the discussions said. These people requested anonymity because they were not authorized to speak about the confidential talks. The sale is intended to help shake the stigma associated with its ownership under Mr. Prince.

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