France's industry minister said on Wednesday that Yahoo Inc's plan to purchase a majority stake in online video website Dailymotion from France Telecom would not have benefited the two companies."The minister expressed his desire that a partnership between Yahoo and Orange (France Telecom) be built on an equal basis that would be beneficial to both sides," Arnaud Montebourg's office said in a statement.The minister also said he regretted Yahoo Inc's decision to abandon plans to buy the stake.Yahoo had been in talks to buy a 75 percent stake in Dailymotion, owned by France Telecom, in a deal that would have valued Europe's largest video website at $300 million.
France Telecom SA, (France Telecom), is a France-based European mobile operator, Internet access provider, and telecommunications services provider for multinational businesses under the Orange brand. Shares of FTE fell by 0.28% or $-0.03/share to $10.64. In the past year, the shares have traded as low as $9.46 and as high as $14.29. On average, 1708050 shares of FTE exchange hands on a given day and today's volume is recorded at 364079.
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