Mercedes-Benz has pulled out of negotiations to purchase a minority shareholding in the Alpine Formula 1 team, according to reports. The German automotive manufacturer withdrew from talks due to disagreements over the team's valuation, which Mercedes considered too high.

The discussions represented a potential strategic partnership between two major players in motorsport, with Mercedes already operating its own successful F1 team while Alpine competes as a works team for the Renault Group.

Formula 1 team valuations have increased significantly in recent years as the sport has grown in global popularity and commercial appeal. The failed negotiations highlight the premium valuations currently being placed on F1 franchises, even for minority stakes.

Alpine, which rebranded from Renault in 2021, has been seeking investment to strengthen its competitive position in Formula 1. The team will need to explore alternative funding sources or partnership opportunities following Mercedes' withdrawal from discussions.