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After news broke this morning on the Blotter on ABCNews.com of the ongoing talks between the investment giant Cerberus and the controversial security firm Blackwater, the talks have now ceased, and there will be no deal.
The reclusive founder of Cerberus, Stephen Feinberg, reportedly told his investors in a letter earlier this year that he hated all the attention the company was getting.
"We do our best to avoid the spotlight," wrote Feinberg, "but unfortunately, when you do some large deals, such as Chrysler and GMAC, it is hard to avoid."
Despite the controversy, however, Blackwater was recently renewed for a $1.2 billion private security contract with the State Department. The one-year extension is worth an estimated $240 million.