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Story summary
- Mercedes withdrew from talks to buy a 24% Alpine stake after deeming the $720 million price too high.
- Mercedes values Alpine at $2.2-$2.4 billion, well below the $3 billion offer.
- Renault, holding a veto until September, chose not to continue talks.
- Alpine signed a Gucci title-sponsorship arranged by Flavio Briatore via Luca de Meo.
- Mercedes will cut its customer teams to two by 2031, meaning McLaren, Williams or Alpine must find an engine supplier.
