Mark Walter is reportedly seeking buyers for his Cadillac Formula 1 team, with multiple outlets saying talks are underway as he faces federal investigations. The reports connect the attempted sale of the F1 stake to a broader pattern of asset divestment that already includes high-profile sports holdings.

Bloomberg and Yahoo Sports both describe an active search for buyers or a circle of potential purchasers, while Sportico adds more detail on the likely financial framing. Sportico reports that Walter is exploring a stake sale at a valuation around $3 billion, and it links the move to deals involving the Lakers and Chelsea, as well as “two federal investigations.”

While the core facts are consistent—Walter wants to sell the Cadillac F1 team and investigations are part of the context—outlets differ in emphasis, including how explicitly they describe the valuation and how they characterize the buyer activity.