The founder of private security company Xe Services, previously known as Blackwater Worldwide, plans to sell the company to a group of investors based in Los Angeles.

Xe Services has come under intense pressure in recent years, with rumors that the U.S. government would no longer award it contracts so long as founder Erik D Prince, remained the owner, The New York Times reported.

Now Prince is…

Continue reading Founder of Blackwater to Sell Security Company

Founder of Blackwater to Sell Security Company originally appeared on DailyFinance on Fri, 17 Dec 2010 07:21:00.

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