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
Defence Secretary James Mattis has distanced himself from Mr Trump's assessment of the media, as has Republican senator John McCain.
A two-year-old boy was found dead in a Perthshire river after being reported missing on Sunday morning.
Eagle-eyed Twitter users spotted that a campaign photo the party claimed was in Stoke on Trent, was actually in Bolton.