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F1 boss Ecclestone pays to end bribery trial

5 August 2014 Last updated at 17:28 BST

A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him.

Mr Ecclestone's offer was based on an existing provision in German law.

On leaving court, he told waiting reporters "I'm going to take care of Formula 1."