McLaren Refutes Acquisition Talks With Apple

Posted: Sep 22 2016, 12:10am CDT | by , in Apple


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McLaren refutes acquisition talks with Apple
Chairman and Chief Executive Officer of McLaren Group Ron Dennis Credit: Getty Imagees

British automotive manufacturer and Formula One team owner McLaren has denied reports that tech giant Apple is set to acquire it.

The company said there were no discussions over a sale or investment from Apple, Telegraph reported on Thursday.

"We can confirm that McLaren is not in discussion with Apple in respect of any potential investment," a spokesperson was quoted as saying.

Earlier media reports said that the iPhone maker was considering to buy McLaren for 1 billion pounds.

The acquisition of McLaren can accelerate Apple's automotive project. McLaren makes luxury super cars and has an advanced technology unit that develops cutting-edge electronics.

Experts have even said Apple may be interested in buying US electric car maker Tesla.

The Cupertino-based company recently acquired audio group Beats Electronics for $3 billion.

Apple has also invested $1 billion in the Chinese ride-hailing company Didi Chuxing.

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