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Apple in talks with McLaren about potential takeover
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US technology giant Apple has approached the UK-based McLaren Technology Group about a potential takeover, according to a report in the Financial Times. The story explains that Apple is either contemplating a full acquisition or a strategic investment, having looked to develop its own self-driving electric vehicle for the past couple of years. The report adds that the California-based firm is enticed by McLaren’s technology, engineering proficiency, and wide range of patents. The business newspaper expects the Ron Dennis-led British conglomerate, which includes the McLaren F1 Team, to be valued between £1bn and £1.5bn. Apple’s interest in McLaren comes a pair...
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