Mercedes has withdrawn from negotiations to buy a minority stake in rival Formula 1 team Alpine. Multiple reports say the talks involved the minority shareholding owned by US investment firm Otro Capital. The Athletic notes that Mercedes was among the groups interested in the opportunity, with Otro Capital holding a 24% stake in Alpine. Sky Sports and BBC Sport report that Mercedes decided not to proceed because it believed the price being asked for the share was too high. The decision ends the current phase of discussions between Mercedes and the seller regarding the valuation of the Alpine stake. The reports do not indicate whether Otro Capital will seek other potential buyers or whether the stake will be offered under different terms. No timetable or alternative deal structure is mentioned across the sources.