Orange-Bouygues Deal Collapse Ends Months of Tense Diplomacy

  • Stocks plunge after French phone merger proved too complex
  • Government demands on price, governance were late obstacle

Inside the Collapse of the Orange, Bouygues Deal

In the early morning hours after talks to buy the phone business of Bouygues SA collapsed, Orange SA Chief Financial Officer Ramon Fernandez took to Twitter with pictures of vibrant flowers: An orchid, a begonia, an iris and a water lily.

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