As part of the transaction, Daimler will reduce its stake from 60%, while Wolff will up his shareholding from 30%, the statement said.
Seven-time world champion Lewis Hamilton overtook main rival Max Verstappen and Mercedes team mate Valtteri Bottas to win the Portuguese Grand Prix on Sunday and go eight points clear in the Formula One standings.
Max Verstappen won the season-ending Abu Dhabi Formula One Grand Prix from pole position for Red Bull on Sunday.
With the human rights issues in Saudi Arabia, seven-times world champion Lewis Hamilton expressed unease over travelling to the country for the upcoming Jeddah Grand Prix.
Ferrari's Charles Leclerc, starting on pole, finished second after defending hard against Verstappen with the two 21-year-olds banging wheels as the Dutchman forced his way past. Verstappen took the flag under investigation.
Seven times world champion Lewis Hamilton hunted down Max Verstappen to win the Sao Paulo Grand Prix for Mercedes on Sunday and slash his Red Bull rival's Formula One lead to 14 points in one of the greatest drives of his career.
'We definitely have a lot of positives to take. Finishing second in the first race of the year is a good start. I think we had the pace to fight for the win.'
Leclerc had seized the lead at the start, and held it through an initial safety car period, before Verstappen made up for his poor getaway and passed the Monegasque -- whose tyres were fading fast -- with a late move around the outside.
Formula One title rivals Lewis Hamilton and Max Verstappen took each other out of the Italian Grand Prix on Sunday, with Mercedes team boss Toto Wolff slamming the incident as a 'tactical foul'.
World champion Max Verstappen took maximum points from Formula One's Imola sprint weekend, leading a Red Bull one-two on Sunday as Ferrari's homecoming turned sour for overall leader Charles Leclerc and his Italian team.
Vasseur and his compatriot Nicolas Todt, son of Jean and manager of Ferrari's Monegasque driver Charles Leclerc, are close and founded the junior series ART racing team together.
Formula One championship leader Charles Leclerc took pole position for the inaugural Miami Grand Prix ahead of Ferrari team mate Carlos Sainz in a front row lockout in qualifying on Saturday.
Jehan Daruvala swept to a double podium finish in the Saudi Arabian round of the Formula 2 Championship, in Jeddah, on Monday.
Lewis Hamilton dominated Sunday's Hungarian Grand Prix from pole position, with a bonus point for fastest lap, to take a five point lead over Bottas, the winner of the Austrian season-opener.
Hamilton did not specify any incidents where a biased decision had gone against him.
Hamilton's 98th career victory, from his 100th pole position, was his third win in four races
Ferrari's last win before Sunday was with Sebastian Vettel in Singapore in September 2019.
Max Verstappen put Red Bull on pole position for the Canadian Grand Prix with Alpine's Fernando Alonso leaping onto the front row alongside the Formula One championship leader in a wet qualifying on Saturday.
Australian Daniel Ricciardo won the Italian Grand Prix in a stunning McLaren one-two with Lando Norris at Monza on Sunday.
The pole was Charles Leclerc's second in a row
Six-times world champion Lewis Hamilton dominated the Styrian Grand Prix in a Mercedes one-two on Sunday to celebrate his 85th Formula One win and move a step closer to Michael Schumacher's record of 91 victories. Finnish Team mate Valtteri Bottas, winner of last weekend's season-opener behind closed doors at the same Austrian circuit, finished a distant runner-up with his championship lead cut to six points.
Charles Leclerc seized pole position for the Italian Formula One Grand Prix and sent Ferrari hopes soaring on Saturday while Mercedes' George Russell joined him on the front row once penalties were applied.
Rahul, who was leading Punjab Kings till last year, will captain Lucknow Supergiants this IPL season beginning on March 26.
All Formula One drivers, teams and personnel have tested negative for COVID-19 ahead of the season-opening Austrian Grand Prix in Spielberg, the sport said on Saturday. Anyone entering the paddock at the Red Bull Ring must have a clean bill of health and is being tested every five days by private medical teams.
Lewis Hamilton managed to make the most of the adverse conditions to take pole position for Sunday's race.
Ferrari Formula One boss Mattia Binotto has handed in his resignation and will leave at the end of the year, the championship runners-up said on Tuesday.
Oliveira leaves it late to snatch win at Styrian Grand Prix.
In a race of safety cars and surprises, Verstappen's former team mate Pierre Gasly made a first podium appearance in second place for Red Bull-owned Toro Rosso, a rare Honda-powered one-two.
It pains former F1 driver Karun Chandhok to see that interest in motorsport in India has declined drastically.
The governing FIA and sport's commercial rights holders Liberty Media have suggested a reverse-grid qualifying race on the second Saturday to decide that Sunday's starting order and add to the excitement.
'Just wanted to see what's in store for me and if there's a new journey for me.'
Max Verstappen put his Red Bull on pole position for the Austrian Grand Prix
Seven-times world champion Lewis Hamilton became the first Formula One driver to take 100 pole positions after lapping fastest for Mercedes in Spanish Grand Prix qualifying on Saturday.
Ferrari announced on Tuesday that four time world champion Sebastian Vettel would be leaving them at the end of the season. Spaniard Carlos Sainz is more likely to replace Vettel.
Mercedes's brilliant pitstop strategy spoiled the game for Max Verstappen in Hungarian Grand Prix, says Rediff's F1 columnist Raja Sen.
Formula One teams will operate in bubbles within bubbles when the season starts behind closed doors in Austria next week after being stalled since March due to the COVID-19 pandemic. There will be no spectators, no sponsors or VIP guests wandering the paddock and limited social interaction even between team mates.
Red Bull's Max Verstappen won a chaotic and crash-halted Emilia Romagna Grand Prix at Imola on Sunday with Lewis Hamilton second for Mercedes and retaining the lead in the championship by a single point.
Formula One championship leader Max Verstappen lifted himself into a league of his own as he beat title rival Lewis Hamilton to pole position with a blinding lap in qualifying for the French Grand Prix at Circuit Paul Ricard.
Lewis Hamilton is now just three wins short of Ferrari great Michael Schumacher's all-time record 91.
This was Jehan's fifth podium finish at Monza and he went wheel-to-wheel with Logan Sargeant right off the line.
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