Home Business & Finance Mercedes pull out of talks to buy stake in F1 rivals Alpine
Business & Finance

Mercedes pull out of talks to buy stake in F1 rivals Alpine

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Mercedes have withdrawn from negotiations to purchase a minority stake in rival F1 team Alpine, believing the valuation of the share, owned by US investment firm Otro Capital, to be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.
Originally published by Sky Sports Football Read original →