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Toto Wolff Hails $6 Billion Mercedes F1 Valuation in New Ownership Deal

“The indicators are positive,” Wolff said as Mercedes confirmed American billionaire Kurtz as co-owner and technology advisor. The CrowdStrike CEO acquired an effective 5% stake for approximately $300 million, valuing the company at $6 billion. Wolff says F1’s younger, growing fan base and the budget cap justify the record price, as Mercedes targets $1 billion in revenue.