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Story summary
- Toto Wolff sold 15% of the Mercedes Formula 1 team to George Kurtz, founder of CrowdStrike, for $300 million, valuing the team at $6 billion.
- Kurtz will join the strategic steering committee but not the main board.
- Toto Wolff retains his role as team principal.
- The valuation reflects a rising trend in F1 team values due to global appeal.
- Mercedes currently ranks second in the constructors' championship.
