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Mercedes' Attempt to Acquire Alpine Fails
Negotiations between Mercedes and Alpine to purchase a stake in the team have collapsed, as Mercedes sought to acquire approximately 24-25% of Alpine's shares. However, financial disagreements over the team's valuation led to the deal falling through. Nonetheless, the technical relationship continues, with Mercedes providing engines to the team and leading Alpine's rebranding project to compete more aggressively. Renault, which owns the majority of Alpine, voted to prevent further investments by others, reflecting its desire to maintain control over the team's future.
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