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Security firm Xe Services to be sold - NY Times
December 17, 2010 / 7:55 AM / 7 years ago

Security firm Xe Services to be sold - NY Times

Dec 16 (Reuters) - 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 learned.

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 Billingham

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