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Toto Wolff in Advanced Talks to Sell Stake in Mercedes F1 Team at $6B Valuation

Toto Wolff in Advanced Talks to Sell Stake in Mercedes F1 Team at $6B Valuation

Author:

Global Cryptocurrency

Published:

2025-11-12 07:50:02

12

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BTCCSquare news:

Mercedes' Formula 1 team CEO Toto Wolff is negotiating a partial stake sale to CrowdStrike CEO George Kurtz, potentially valuing the racing franchise at a record $6 billion. The deal WOULD involve Kurtz acquiring approximately 5% of the team through Wolff's holding company, where the Austrian executive maintains a 33% ownership stake.

The discussions highlight the growing crossover between technology and high-performance sports, with CrowdStrike already serving as a longtime sponsor of Mercedes F1. Kurtz, an avid motorsport participant, would join a ownership group that includes Mercedes-Benz and Ineos founder Sir Jim Ratcliffe.

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