Dec 16 Xe Services, the U.S. security firm
formerly known as Blackwater which has faced criticism for its
work in Iraq and Afghanistan, has reached a deal to sell the
firm to a small group of investors based in Los Angeles, the New
York Time said, citing people briefed on the deal.
The deal, which is expected to be announced on Friday, may
be worth about $200 million, the Times said.
The paper added that exact terms of the deal could not be
Xe Services, based in Moyock, North Carolina, could not
immediately be reached for comment by Reuters outside regular
U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Erica