Founder Puts Blackwater Security Firm Up for Sale
By JAMES RISEN

WASHINGTON – Burdened by lawsuits, criminal investigations and negative publicity stemming from its private security work in Iraq and Afghanistan, Blackwater Worldwide is being put up for sale, the company has announced.

Blackwater, which changed its name to Xe Services and brought in new management last year in order to remake its image, is pursuing a sale in part because that overhaul has failed to change perceptions of the company, most critically inside government, which is its main customer.

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