Mercedes ends talks to buy Alpine F1
Mercedes-Benz and its Formula 1 team have withdrawn from negotiations to acquire a 25% stake in Alpine due to financial conditions, as the American fund Auto Capital was requesting a price above the team's market value. The negotiations had been ongoing for several months, with estimates placing Alpine's value between 1.6 billion and 1.8 billion pounds, while the team is valued at 2.5 billion euros. The decision to withdraw comes after Auto Capital demanded a price equal to or exceeding 618 million euros for its share.
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