Mercedes Drops Bid to Buy Stake in Alpine

Mercedes pull out of talks to buy Alpine share over price

Mercedes pull out of talks to buy a minority shareholding in the Alpine team because they felt it was overpriced.

Mercedes Alpine deal off as F1 giant exits stake talks

Mercedes has ended its interest in Alpine's minority stake after discussions reportedly failed to align on valuation.

Mercedes Withdraws from Alpine Stake Negotiations Amid Pricing Concerns and F1 Ownership Scrutiny

Mercedes has been one of the groups circling the investment opportunity involving Otro Capital's 24 per cent stake. Source

Mercedes drops bid to buy stake in Alpine

Mercedes has ended its bid to buy a minority stake in the Alpine Formula 1 team, believing the team to be overvalued, leaving the fate of the shares uncertain. Speculation has grown over the last several months over the future direction of Alpine, as Otro Capital looked to sell a 24 per cent stake in the team. Toto Wolff had agreed in principle to purchase the stake, fuelling speculation that Mercedes would effectively use the Enstone outfit as …

Mercedes pull out of talks to buy minority stake in F1 rivals Alpine after deeming valuation to be too expensive

Mercedes are understood to have withdrawn their interest in buying a stake in F1 rivals Alpine; watch every session of the Monaco Grand Prix from June 5-7, live on Sky Sports F1

Mercedes withdraws from Alpine F1 team bidding process

Mercedes has withdrawn from the bidding process for a stake in the Alpine Formula 1 team.The German manufacturer was one of the parties interested in taking on the 24% shareholding in the Alpine squad that is currently owned by American investment group Otro Capital.But, as first reported by the BBC on Friday and confirmed by sources to The Race, it has now elected to step back from a bid, with the sale price from Otro in excess of what it is wi…