Mercedes Walks Away From Alpine as Horner Options Narrow

Formula 1 News: Mercedes walks away from Alpine as Horner options narrow

(GMM) Mercedes has reportedly abandoned plans to buy a stake in Alpine, while Christian Horner’s hopes of using the French team as a route back into Formula 1 also appear … Read More The post Formula 1 News: Mercedes walks away from Alpine as Horner options narrow appeared first on AutoRacing1.com.

Mercedes walks away from Alpine as Horner options narrow

Jun.1 Mercedes has reportedly abandoned plans to buy a stake in Alpine, while Christian Horner's hopes of using the French team as a route back into Formula 1 also appear to have hit a dead end. According to reports, Mercedes has withdrawn from negotiations to acquire the 24 percent Alpine stake owned by New York-based investment fund Otro...

Mercedes Ends Pursuit of Alpine Shareholding Despite Initial Agreement

Mercedes has reportedly withdrawn from the race to acquire the 24% stake in Alpine currently up for sale. According to BBC Sport, the asking price for the shareholding owned by investment group Otro Capital was considered significantly above market value. Mercedes and team principal/CEO Toto Wolff had reportedly agreed in principle with Alpine to purchase the stake from Otro. However, the deal is understood to have stalled after the estimated $7…