Mercedes Eyed for Alpine Stake, Talks Ongoing

Mercedes is Renaults preferred partner to buy a 24% stake in Alpine F1, but no deal is sealed yet. Renault wants Mercedes to acquire this non-controlling share, previously owned by Otro Capital, valued at around $900 million in 2023. However, the price has significantly increased since then. Mercedes, backed by Mercedes-Benz, Ineos, and Toto Wolff, is considering the investment, but no final decision has been made on the current value. McLarens Zak Brown and FIA president Mohammed Ben Sulayem have expressed concerns about teams owning stakes in rivals, potentially impacting the sports fairness. Mercedes maintains that this is purely a financial move, with no influence on team decisions or rules. The negotiations over the stakes worth continue, leaving uncertainty about Mercedes final decision. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3b86e62d9715d26c