LONDON :CrowdStrike founder and chief executive George Kurtz has bought into the Mercedes Formula One team by taking 15 per cent of the one-third stake held by principal Toto Wolff, both parties announced on Thursday.

No financial details were given for the personal acquisition but media reports last week said the deal valued the former champions at a record $6 billion.

Austrian Wolff, Mercedes-Benz and Jim Ratcliffe's petrochemicals giant Ineos each hold one-third stakes and the governance and leadership of the team will not be affected by Thursday's deal.

American Kurtz, who has competed at Le Mans and other endurance events in sportscars, will become the team's technology adviser and joins the strategic steering committee alongside Wolff, Mercedes-Benz chairman Ola Kaellenius and Ine

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