Mercedes Abandons Bid for Alpine F1 Stake Over Extreme Valuation Clash
Mercedes has decided to withdraw from negotiations to acquire a minority stake in the Alpine Formula 1 team due to a significant valuation disagreement. The investment group Otro Capital was demanding $720 million for its share, which would value Alpine at $3 billion, while Mercedes estimated its worth to be between $2.2 billion and $2.4 billion. This exit may open the door for other potential buyers, including former Red Bull boss Christian Horner, while alleviating political tensions within the F1 paddock.
- ▪Mercedes has officially walked away from negotiations to purchase a minority stake in the Alpine Formula 1 team.
- ▪Otro Capital was demanding $720 million for its share, valuing Alpine at $3 billion, which Mercedes deemed excessive.
- ▪Mercedes' exit from the bidding process may allow other buyers to enter, including former Red Bull boss Christian Horner.
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