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Mercedes Eyes Alpine Stake, Briatore Confirms Talks

Published 2 weeks, 5 days ago
Description

Mercedes Formula One team is in talks to acquire a 24% stake in rival Alpine from Otro Capital, a group backed by celebrities like Ryan Reynolds, Rob McElhenney, and Rory McIlroy. The stake, originally bought for $233 million, is now valued at around $3 billion due to soaring team values. Alpine, which recently switched to Mercedes power units, is open to the deal, with advisor Flavio Briatore confirming negotiations directly with Mercedes. The potential acquisition is seen as positive by Alpines top brass, with no conflicts expected under Formula Ones rules.

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