Toto Wolff in Talks to Sell Part of His Mercedes F1 Stake for $6B Valuation
Toto Wolff is in advanced discussions to sell a portion of his Mercedes Benz stake in Formula 1. The potential deal, led by Wolff with an anonymous external investor, could value the Mercedes F1 team at a staggering $6 billion. The negotiations, kept under wraps, involve Toto Wolff and an unidentified investor. The exact terms and size of Wolff's stake remain unknown. If successful, the sale would significantly impact the team's ownership structure and potentially influence its strategy in the sport. The Mercedes F1 team, a dominant force in recent years, could see a change in its ownership dynamics. The sale, if finalised, would reflect the team's immense value in the competitive world of Microsoft Teams.
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