US EditionF1: Toto Wolff sells part of Mercedes stake to billionaire George Kurtz
- On Thursday, Toto Wolff sold 15% of his one‑third stake to George Kurtz, giving Kurtz a 5% share in the Mercedes‑AMG Petronas F1 team.
- To broaden analytics and partnerships, Mercedes said George Kurtz will serve as technology adviser to expand U.S. and global tech ties as F1 shifts to AI and simulation ahead of 2026 regulations and engine overhaul.
- A person familiar said the transaction values Mercedes‑AMG Petronas F1 at $6 billion, Toto Wolff will net $300m and remain team principal with governance unchanged, and George Kurtz joins the strategic steering committee.
- Kurtz bought in with personal funds, expanding a partnership with CrowdStrike that dates to 2019 and already provides AI protection for Mercedes-AMG Petronas F1, deepening technology industry ties.
- F1's U.S. popularity is surging, and Mercedes-AMG Petronas F1 sit second with three races remaining, while George Kurtz combines racing experience and tech know-how ahead of 2026 regulations and engine overhaul.
53 Articles
53 Articles
LAS VEGAS (AP) — Mercedes team director and co-owner Toto Wolff has sold 15% of his participation in the Formula One team to George Kurtz, CEO and founder of the Cybersecurity company CrowdStrike.
By Jenna Fryer, Las Vegas (AP) — Mercedes team principal and co-owner Toto Wolff has sold his 15% stake in the Formula One team to George Kurtz, the CEO and founder of cybersecurity firm CrowdStrike. Mercedes said the deal makes Kurtz a co-owner of the team, which is valued at $6 billion. Wolff was one of three equal owners along with Mercedes-Benz and INEOS. The deal was announced ahead of Saturday night's Las Vegas Grand Prix, where Mercedes d…
By Jenna Fryer, Las Vegas (AP) — Mercedes team principal and co-owner Toto Wolff has sold his 15% stake in the Formula One team to George Kurtz, the CEO and founder of cybersecurity firm CrowdStrike. Mercedes said the deal makes Kurtz a co-owner of the team, which is valued at $6 billion. Wolff was one of three equal owners along with Mercedes-Benz and INEOS. The deal was announced ahead of Saturday night's Las Vegas Grand Prix, where Mercedes d…
By Jenna Fryer, Las Vegas (AP) — Mercedes team principal and co-owner Toto Wolff has sold his 15% stake in the Formula One team to George Kurtz, the CEO and founder of cybersecurity firm CrowdStrike. Mercedes said the deal makes Kurtz a co-owner of the team, which is valued at $6 billion. Wolff was one of three equal owners along with Mercedes-Benz and INEOS. The deal was announced ahead of Saturday night's Las Vegas Grand Prix, where Mercedes d…
Toto Wolff is not only the head of sports at Mercedes, he also owns shares in the racing stable. He has now sold a part of it - and officially made the team one of the most valuable.
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