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
Harry Potter fans today get their first glimpse of the wizard's wife and son as character portraits are revealed ahead of the upcoming play.
Gary Barlow performed an impromptu gig in a busy shopping centre.
Stephen Hawking said a Brexit would make Britain more "isolated and insular".