Mercedes F1 boss Toto Wolff sells ownership piece to CrowdStrike CEO George Kurtz
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Mercedes-AMG Petronas F1 CEO and team principal Toto Wolff is bringing in new team ownership, selling a portion of his holdings to CrowdStrike founder and CEO George Kurtz, the executives told CNBC Thursday. Kurtz’s personal acquisition expands a partnership between the auto racing team and software provider that dates to 2019. It also expands the tech industry’s push into global motorsport. The financial terms of Kurtz’s investment were not disclosed, but a person familiar with the matter told CNBC the deal values the Mercedes team at $6 billion. “You have all these new fans coming in,” Kurtz said. “The reason why CrowdStrike is involved in Formula One is [because] there is a return… We perfected that, and we want to bring that to the United States, to the tech market, and have other partnerships that can exploit that and make the best of Formula One.” Mercedes said Thursday that Kurtz acquired a 15% minority interest in Wolff’s controlled ownership entity, which represents one third of the team — making Kurtz’s share 5%. Mercedes-Benz and chemicals giant INEOS each also own one third. Mercedes’ British driver George Russell races during the first practice session for the Las Vegas Formula One Grand Prix on November 16, 2023, in Las Vegas, Nevada. Angela Weiss | AFP | Getty Images Kurtz will become a technology advisor for Mercedes F1, helping broaden the team’s work in data analytics as the sport becomes increasingly tech-driven with more simulation-heavy and AI-led development processes. He’ll join a committee that includes Mercedes-Benz CEO Ola Källenius, INEOS founder Jim Ratcliffe and Wolff. Governance of the team remains unchanged. The team said Kurtz will also focus on expanding its U.S. and global tech partnerships. CrowdStrike provides AI-powered protection for the team’s infrastructure. “[I] couldn’t be more excited about something that’s been…
Filed under: News - @ November 21, 2025 3:28 pm