Mercedes F1’s Wolff in Talks to Sell Stake at $6 Billion Value

Mercedes Formula One Chief Executive Officer Toto Wolff is in talks to sell some of his stake in a deal that could value the team at a record $6 billion, according to a person familiar with the matter.

Wolff is in advanced talks to offload about 5% of the team to CrowdStrike Holdings Inc. CEO George Kurtz, a racing fan whose cybersecurity company sponsors Mercedes, the person said, asking not to be identified discussing confidential information. The deal would involve Kurtz joining Wolff’s holding company that owns a third of the team, the person said.