Home > Industry > McLaren Denies Apple Buyout

McLaren Denies Apple Buyout

British formula one team and supercar maker McLaren has denied reports that tech giant Apple is looking to invest in the company.

A McLaren spokesman confirmed it is not in discussion with Apple in respect of any potential investment.

However it did not deny that it has held talks with Apple representatives, saying it regularly has confidential conversations with a wide range of parties but keeps them confidential.

The speculation followed a report in the Financial Times, citing three sources the paper said had been briefed on negotiations. Sources claimed Apple had made an approach for a strategic investment or a potential buyout.

The automotive group could be valued at between 1 billion pounds (A$1.7 billion) and 1.5 billion pounds, the FT said.

You may also like
Apple Bans Fortnite Indefinitely From App Store
Here’s How Much Apple Will Give You For Your Old iPhone
Telstra Promises Two-Hour iPhone Delivery
Experiencing Depression Or Anxiety? Dr iPhone Might See You Eventually
Apple Disables iPhone Macro Mode After Numerous Complaints