Formula One boss Bernie Ecclestone has offered to make a $100 million (£60m) payment in order to end a trial on bribery charges, a court in Germany heard.
State prosecutors in Munich said they would agree to accept the offer, according to Reuters.
The 83-year-old went on trial in April over allegations he bribed a former German banker as part of the sale of a major stake in the motorsport business eight years ago.
Ecclestone's age and other circumstances supported the acceptance of a settlement, the state prosecutor said.
The British billionaire could have faced up to 10 years in jail and would have had to cede control of a business he has built up over the past four decades.
This archive image shows Adolf Hitler in the crowd hearing the announcement of the First World War on August 2, 1914.
After Nazi Germany became a reality, Hitler mentioned that he had been outside Field Marshals' Hall in Munich when the declaration of war was revealed.
A German photographer then went through his old pictures of the event and found the image.
Hitler was 25 years old when the First World War broke out. He enlisted in the Bavarian army and rose to the rank of lance corporal, but no further.
Germany's Mesut Ozil has paid for the surgeries of 23 children as a "thank you" to Brazil for its hospitality during the World Cup.Read the full story ›
The appointment of Jean-Claude Juncker as European Commission president is a "very good sign" for Europe's ability to act, German Chancellor Angela Merkel said, after a meeting with leaders of south east European countries in Croatia.
Ms Merkel added: "I would like to congratulate Jean-Claude Juncker on his election as EU president with a clear result in the first round of voting [...] It will inspire us to resume the work with the European commission."
A clutch of Germany's World Cup stars - including Arsenal's Lukas Podolski, Per Mertesacker and Mezut Ozil - danced on stage to the cheers of thousands of fans in Berlin this afternoon.
The celebrations marked Germany's fourth World Cup victory - the first since the re-unification of Germany in the early 1990s.
Germany's World Cup stars are currently on parade through the capital Berlin after returning home with the Jules Rimet trophy.
Arsenal's Lukas Podolski is pictured with the trophy alongside Bastian Schweinsteiger on the bus.
Masses of fans have lined the streets to welcome the side - who beat France, Brazil and Argentina on their way to victory.
The German national team has tweeted a picture of head coach Joachim Loew with the pilots of the team's flight back to Germany - who are given a "golden opportunity" to hold the World Cup trophy.
Germany's Mezut Ozil has tweeted a picture of himself and his teammates following their return to the country as World Cup winners.
Germany's victorious football team have returned to the country following their World Cup win.
Fans have amassed in their thousands to greet the nation's football team as they return to Berlin with the World Cup trophy.
The victory is the nation's first since the reunification of East and West Germany in the early 1990s.