Extra 10/4/2006 1:23 PM ET General Motors, Nissan-Renault end merger talks Chief executives agree in phone conversation to halt negotiations on potential alliance. By MSN Money and wire reports Talks of a marriage of convenience between General Motors (GM, news, msgs) and Nissan-Renault (NSANY, news, msgs) have broken up over disagreement about the value of the proposed tie-up. Negotiations faltered on General Motors' insistence that Nissan-Renault pay a "control premium" if it bought 20% of GM's stock as part of the alliance, The Wall Street Journal reported, citing sources close to the two-month-old talks. The companies issued a joint statement confirming the story. The statement cited disagreement over whether the gains from an alliance would be equally shared and GM's proposal that Renault-Nissan pay it an unspecified sum once the deal closed. Full Article
