It has emerged who plans to buy Mercedes shares.
Recently, the press reported that Mercedes‑AMG F1 boss Toto Wolff plans to sell part of his 33% stake in the Formula 1 team. At the time the new investor's name was not disclosed, but the Financial Times has learned who it is.
George Kurtz, co‑founder and CEO of CrowdStrike, is in talks to buy Wolff's shares. The company is one of Mercedes' key sponsors — its logos have been displayed on the team's cars and the drivers' suits since 2019, and in addition CrowdStrike provides cybersecurity for the team's digital infrastructure.
George Kurtz is a keen racing enthusiast and holds an FIA bronze racing licence. His career includes appearances in various racing series, including the GT World Challenge and IMSA. In 2023 Kurtz was part of the crew that won the 24 Hours of Le Mans in the LMP2 Pro‑Am class.
According to the Financial Times, George Kurtz plans to buy 5% of the team's shares from Toto Wolff. After the deal Wolff will retain his positions as executive director and team principal of the Formula 1 team.
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It has emerged who plans to buy Mercedes shares.
Recently the press reported that Mercedes‑AMG F1 boss Toto Wolff plans to sell part of his 33% stake in the Formula 1 team. At the time the new investor’s name was not disclosed; however, the Financial Times has managed to find out who it is.
