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Could Apple buy British supercar engineer McLaren?

22nd Sep 16 10:29 am

Rumours are rife

Apple is considering a £1.5bn deal to buy Formula One team owner and supercar engineer McLaren, according to various media reports.

The news comes as the California-based company is working on its driverless and electric cars.

According to the Financial Times, Apple has approached McLaren about a takeover or a strategic investment in the company.

McLaren denied that it was in talks with Apple, but added: “As you would expect, the nature of our business means we regularly have confidential conversations with a wide range of parties, and they need to remain so.

“We can confirm that McLaren is not in discussion with Apple in respect of any potential investment.”

Apple said it “does not comment on rumours or speculation”.

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