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Kurtz not positioning to be Wolff successor
Nov.21 Mercedes boss Toto Wolff has sold part of his one-third stake in the team to CrowdStrike founder George Kurtz – in a transaction that confirms a record valuation for the former world champions. Billionaire Kurtz has acquired 15 percent of Wolff's 33 percent holding, equating to around 5 percent of the entire team, with Forbes reporting the deal values Mercedes at an unprecedented $6 billion. BBC estimates the stake cost roughly $300 million. The team's three-way governance structure remains unchanged, with Wolff, Mercedes-Benz and INEOS each still holding one third, and leadership 'not affected' by the sale. Kurtz – a long-time Mercedes partner through CrowdStrike...
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4mo ago from OneStopStrategy.com
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