Ryan Reynolds is the new part owner of another sports team.
This week, Formula 1 team Alpine announced they had secured new backing from an inventor group, including the Canadian movie star.
Read More: Blake Lively And Ryan Reynolds Visit With ‘Great British Bake Off’ Hosts: See The Photos
According to Formula1.com, the investor group, which also includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, acquired a 24 per cent stake in the team in a deal worth over $280 million.
Breaking: Hollywood actor Ryan Reynolds is part of an investor group taking a 24% equity stake in Alpine #F1 pic.twitter.com/0K2867UBOg
— Formula 1 (@F1) June 26, 2023
The cash injection into the team places its value at nearly $1.3 billion.
“Formula 1 and Alpine are strategic assets for Renault Group,” said Renault Group CEO Luca de Meo. “Over the past two years, we have re-ignited Alpine, capitalising on its iconic A110 sports coupe,...
This week, Formula 1 team Alpine announced they had secured new backing from an inventor group, including the Canadian movie star.
Read More: Blake Lively And Ryan Reynolds Visit With ‘Great British Bake Off’ Hosts: See The Photos
According to Formula1.com, the investor group, which also includes Otro Capital, RedBird Capital Partners and Maximum Effort Investments, acquired a 24 per cent stake in the team in a deal worth over $280 million.
Breaking: Hollywood actor Ryan Reynolds is part of an investor group taking a 24% equity stake in Alpine #F1 pic.twitter.com/0K2867UBOg
— Formula 1 (@F1) June 26, 2023
The cash injection into the team places its value at nearly $1.3 billion.
“Formula 1 and Alpine are strategic assets for Renault Group,” said Renault Group CEO Luca de Meo. “Over the past two years, we have re-ignited Alpine, capitalising on its iconic A110 sports coupe,...
- 6/26/2023
- by Corey Atad
- ET Canada
Ryan Reynolds has his sights set on a new investment: Formula 1 team Alpine. Through his film production and digital marketing company Maximum Effort, Reynolds, Michael B. Jordan, and Rob McElhenney have acquired a 24 percent stake — worth around $220 million — in the Renault-owned team alongside two other groups of investors.
“Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” James Toney, Co-Founder of Maximum Effort Investments, shared in a statement.
He added: “We are eager to...
“Maximum Effort Investments focuses on unlocking value through the power of storytelling, and we believe there is tremendous untapped potential in Alpine Racing,” James Toney, Co-Founder of Maximum Effort Investments, shared in a statement.
He added: “We are eager to...
- 6/26/2023
- by Larisha Paul
- Rollingstone.com
San Francisco, Nov 8 (Ianso Google and Renault Group on Tuesday announced to expand their partnership to deliver the digital architecture for the ‘Software Defined Vehicle’ (Sdv) for the future.
The ‘Software Defined Vehicle’ will allow for new on-demand services and continuous upgrades to be delivered to the car, building on the existing Android Automotive Operating System and Google Cloud technology collaboration.
The companies will develop a set of onboard and offboard software components that are dedicated to the Sdv and will grow synergies and use cases related to the group’s “Move to Cloud” strategy.
“Equipped with a shared It platform, continuous over-the-air updates, and streamlined access to car data, the Sdv approach developed in partnership with Google will transform our vehicles to help serve future customers’ needs,” said Luca de Meo, Renault Group CEO.
“Our strategic partnership with Google will allow us to accelerate our end-to-end digital transformation, from...
The ‘Software Defined Vehicle’ will allow for new on-demand services and continuous upgrades to be delivered to the car, building on the existing Android Automotive Operating System and Google Cloud technology collaboration.
The companies will develop a set of onboard and offboard software components that are dedicated to the Sdv and will grow synergies and use cases related to the group’s “Move to Cloud” strategy.
“Equipped with a shared It platform, continuous over-the-air updates, and streamlined access to car data, the Sdv approach developed in partnership with Google will transform our vehicles to help serve future customers’ needs,” said Luca de Meo, Renault Group CEO.
“Our strategic partnership with Google will allow us to accelerate our end-to-end digital transformation, from...
- 11/8/2022
- by Glamsham Bureau
- GlamSham
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