Mercedes F1 CEO Toto Wolff is “in advanced talks to sell part of his stake” in the team to CrowdStrike co-founder & CEO George Kurtz, in a deal that would give the F1 team a “record” $6B valuation. Sources said Kurtz is in talks over “taking a stake of about” 5% in the F1 team. The deal under discussion “would involve Wolff bringing Kurtz into the holding company that owns his” 33% stake in Mercedes F1. Wolff “would remain” as CEO and team principal. CrowdStrike and Mercedes F1 are “long-standing commercial partners” (FINANCIAL TIMES, 11/11).
Wolff in talks to sell part of Mercedes F1 stake to Crowdstrike CEO
