McLaren

In late September, the Financial Times reported Apple was considering a full takeover of McLaren Automotive or a strategic investment in the British supercar maker. The New York Times and Bloomberg separately reported talks were underway as well, noting Apple was more likely to make a large investment in McLaren rather than buy it. Two months later, it now turns out those reports were...

Apple has approached British luxury carmaker and Formula One team McLaren about a potential acquisition, likely to be valued at between $1.3 billion and $1.9 billion, according to Financial Times. Apple is reportedly considering a full takeover of McLaren, or a strategic investment in the company, likely in an effort to bolster its widely rumored automotive project. Apple is said to be...