Hedge Fund in Talks to Buy Blackwater

[babylonsister]

Exclusive: Hedge Fund in Talks to Buy Blackwater
Private Equity Firm Could Invest At Least $200 Million Into Controversial Security Firm
By MADDY SAUER
April 30, 2008


The hedge fund giant that owns a controlling stake in Chrysler is in negotiations to buy the controversial security firm Blackwater USA, which has millions of dollars in U.S. government contracts in Iraq, according to sources familiar with the talks.

Cerberus Capital Management could invest $200 million for a stake in Blackwater, said a source close to the negotiations. Other sources said auditors from Cerberus had been examining Blackwater's books since the beginning of the year.

A source close to the negotiations says there is no deal yet, but there might be one in the future and that negotiations about a possible investment into Blackwater are ongoing.

A Cerberus spokesman said the company doesn't comment on market rumors or speculation. Blackwater did not immediately respond to a request for comment.

more...

http://abcnews.go.com/Blotter/story?id=4756462&page=1

[Hydra]

1. Pff

So a corp army is likely to expand and become our army in the future.

Not sleeping better knowing this.

[Bozita]

2. Slimy sonofabitches, all of 'em.

Dan Quayle, Chrysler and Blackwater all under one roof?

Wonder if Blackwater will be handling the driver ed component at Chrysler.

[TomInTib]

3. KnR. But this sucks, big-time. nt

[tanyev]

4. Time to reread Jennifer Government.

Sounds like we're getting very close.