Aston Martin owner sells F1 team stake at $1.2bn valuation: Report

Canadian billionaire Lawrence Stroll, Aston Martin's part-owner, sold a minority stake in the company's F1 team to US' Arctos Partners at a $1.2-billion valuation, Bloomberg reported. This is the first time Stroll has sold stake in the team, which his son Lance drives for. This comes as the Formula 1 Las Vegas Grand Prix is being held from November 16-18.