Published on September 22nd, 2016 | by Daniel Sherman Fernandez0
Apple to buy McLaren? Well, McLaren Denies This
Rumors on the internet claim that tech giant Apple has been in talks to either buy or invest in UK-based F1 team and supercar maker McLaren. The deal is claimed to be worth between USD1 billion to USD1.5 billion (£770 million to £1.16 billion).
Apple’s possible interest in McLaren is beyond the F1 team and the carbon-fiber sports cars as McLaren has a successful consulting business, a wealth of engineering expertise, and a large impressive patent portfolio. Apple at this time is sitting on a lot of cash and this could be very beneficial is leapfrogging Apple’s car manufacturing plans.
The good people from McLaren and Apple were not immediately available for comment.