Toto Wolff Sells 15% Stake in Mercedes F1: George Kurtz Zooms into Ownership Lane!
Toto Wolff is waving goodbye to 15% of his Mercedes F1 team shares, handing them to cybersecurity guru George Kurtz. Now a co-owner, Kurtz is set to turbocharge Mercedes’ tech game. From race cars to firewalls, Kurtz believes in the power of milliseconds and data to secure the checkered flag!
Hot Take:
Toto Wolff just took the phrase “cybersecurity in motorsport” to a whole new level by selling 15% of his Mercedes F1 team shares to CrowdStrike’s George Kurtz. Move over, cybersecurity breaches; it’s time for cybersecurity screeches on the race track! With Kurtz on board, expect Mercedes to speed through the digital landscape like a hacker in a Ferrari.
Key Points:
- Mercedes F1 team principal Toto Wolff sells 15% of his shares to George Kurtz, CEO of CrowdStrike.
- The deal values the team at a whopping $6 billion and makes Kurtz a co-owner.
- Kurtz joins the strategic steering committee and becomes a technology advisor.
- CrowdStrike has been a global partner of Mercedes since 2019.
- Kurtz is an accomplished racer with multiple wins in endurance racing events.
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