Apple and McLaren reportedly in acquisition talks

deanXX

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  • Oct 15, 2013
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    Apple approached British supercar-maker McLaren to discuss an acquisition or a strategic investment in the firm, reports the Financial Times. The talks are said to have been in progress for several months.

    McLaren is best known for its Formula One racing team and, a few months ago, rumors surfaced that Apple was considering an acquisition of the Formula One racing league itself. McLaren also has a fast-growing road cars division that started less than a decade ago but has received great praise for its million-dollar P1 hybrid hypercar and its range of supercars. McLaren also has a large consulting division and a technologies group that acts as a parts supplier to other carmakers and race teams.

    In July, Apple reportedly brought longtime hardware executive Bob Mansfield back to run its car project, but a more-recent report said the division was undergoing job cuts as Mansfield looked to refine its focus. Rumors have circled for years that Apple was working on both an electric car and autonomous software.

    The report said McLaren would be valued between $1.3 and $2 billion, but it’s "not clear" that the deal will get done, according to the FT. Neither Apple nor McLaren returned requests for comment.


    SOURCE: Financial Times
     

    neyohk

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    කයිය විතරයි.ඵක පාරක් ටෙස්ල ඵකත් ගන්න හැදුවනේ.:D