Rumor: Apple in Talks to Acquire McLaren

Deanna Wagner
04:30, Sep 22, 2016
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.

According to FT, Apple isn't just eyeing the automotive division of McLaren, it wants to own McLaren Technology Group, the parent company of all things McLaren.

With a $610 billion market capitalization, Apple is rather wealthy, so wouldn't you it's high time the company bought an expensive vehicle for itself?

Could we see an iCar?

Apple has also reportedly approached McLaren about a strategic investment, according the to which first reported the story.

FT's sources peg McLaren at somewhere between £1bn and £1.5bn, which would make it Apple's biggest purchases since the company bought Beats back in 2014 for around $3 billion.

After recently pumping the brakes on its rumored electric vehicle project, Apple may now be ready to hit the gas again.

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The New England Patriots' 23-21 Week One win Sunday night over the Arizona Cardinals was impactful for some reasons. You get to watch so many different angles and replays and you don't get those things when you're playing.

McLaren's Applied Technologies Group could be what Apple is after. McLaren also has extensive engineering experience with its background in Formula 1, and has a state-of-the-art factory in Woking, England, where the 570, 650S, P1, and other exclusive sports cars are produced, though not in great numbers.

A spokesman for Apple and representatives of McLaren didn't immediately respond to requests for comment.

The reports of any talks with the California-based technology group have, however, been denied.

An article from the Financial Times today set the ball rolling, dictating Apple's attempt to "transform the auto industry" with a financial takeover of McLaren on top of their plans to manufacture a self-driving electric vehicle. That deal was Apple's largest equity investment to date, as chief executive Tim Cook gradually breaks with the Silicon Valley company's longstanding aversion to large deals.

Discussions with the maker of high performance luxury cars and owners of a Formula 1 team is the clearest sign yet the company which created the iPhone is now looking to dip their toes into the automotive industry.

Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.


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