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Mercedes Eyeing Alpine Stake, Value Soars

Published 2 weeks, 6 days ago
Description

Ryan Reynolds, Rob McElhenney, and Rory McIlroys investment group, Otro Capital, is selling a 24% stake in the Alpine Formula One team for $233 million, bought in 2023. Mercedes is rumored to be involved, potentially stabilizing ties amid Renaults new CEOs uncertain stance on racing. Formula Ones value surges, with shares like this rarely available due to expected price increases.

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