Michelle Malkin is linking to breaking news about the Dubai port deal.

She’s linking to Rossputin.com: Rational Thinking About Our World – BREAKING NEWS: Dubai gives up?

CNBC is reporting that Dubai Ports World will transfer the ports that they would have run as part of their takeover of P&O to a US Entity.

I’ll be watching both of these sites for updates. I was curious how this was going to end.

Update:
Dubai to give up ports control – U.S. Security – MSNBC.com

Because of the strong relationship between the United Arab Emirates and the United States and to preserve that relationship, DP World has decided to transfer fully the U.S. operation of P&O Operations North America to a United States entity,” DP World’s chief operating officer, Edward H. Bilkey, said in the statement.