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.
More top news
Rain across much of the remainder of the country
Singer knocks Oasis from their 18-year hold on the top spot as her third album sells more than 800,000 copies in its first week of release
Francois Hollande has urged British MPs to support David Cameron's plan to launch airstrikes against so-called Islamic State in Syria.