Toto Wolff in talks to sell part of Mercedes F1 stake
Mercedes Formula 1 chief executive Toto Wolff is in advanced talks to sell part of his stake to CrowdStrike’s George Kurtz, in a deal that would give the F1 team a record $6bn valuation and underscore the sport’s commercial success under US ownership. Kurtz is in talks over taking a stake of about 5 per cent in the Mercedes F1 team,CrowdStrike and Mercedes F1 are long-standing commercial partners, with the former’s logo featuring prominently on the team’s cars and driver race suits.
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