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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 According to reports, Mercedes has withdrawn from negotiations to acquire the 24 percent Alpine stake owned by New York-based investment fund Otro Capital. AFP contacted Mercedes for comment, but a team spokesperson declined to comment. The negotiations had reportedly been ongoing for months, with Mercedes and Toto Wolff interested in purchasing the minority shareholding. However, talks collapsed over valuation. According to multiple reports, Otro wanted around $720 million for the 24 percent...
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