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McLaren: We are not in discussion with Apple
Apple Inc has approached British Formula One team owner McLaren Technology Group for a strategic investment or a potential buyout, the Financial Times reported, citing sources. However, McLaren said it was not in talks with Apple about a deal. 'We can confirm that McLaren is not in discussion with Apple in respect of any potential investment.' While Apple insisted that they do 'not comment on rumours or speculation.' The loss-making automotive group could be valued at between 1 billion pounds and 1.5 billion pounds, the newspaper reported. A deal with McLaren, which also produces high performance sports cars, could give Apple key automotive technology amid reports that the iPhone...
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8y ago from GrandPrix247.com
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