Business & Finance
Mercedes pull out of talks to buy stake in F1 rivals Alpine
Key Points
Mercedes have pulled out of talks to buy a stake in F1 rivals Alpine, citing the high valuation of the share owned by US investment firm Otro Capital as the reason for their withdrawal. The decision marks a significant development in the ongoing negotiations between the two teams.
Mercedes have withdrawn from negotiations to purchase a minority stake in rival F1 team Alpine, believing the valuation of the share, owned by US investment firm Otro Capital, to be too expensive.