Mercedes takes over Brawn GP

Mercedes-Benz, the German carmaker has announced on monday that it has taken over 75.1% stake in Brawn GP. The Brawn GP team will be rebranded as Mercedes GP from next season. As a part of deal Dailmer AG, the parent company of Mercedes has given up its 40% stake in McLaren but it will continue to supply engines to McLaren atleast until 2015. The team is yet to announce its drivers' line-up but it is believed that they've signed Nico Rosberg as one of the drivers. 2009 Champion Jenson Button is yet to sign a contract. Rumors are doing rounds that Button is likely to join Lewis Hamilton at McLaren.