“McLaren damped down a report on Wednesday that Apple Inc had made an approach for the British Formula One team owner and supercar maker,” Alan Baldwin and Supantha Mukherjee report for Reuters. “‘We can confirm that McLaren is not in discussion with Apple in respect of any potential investment,’ a McLaren spokesman said.”
MacDailyNews Take: How about discussion of an acquisition?
McLaren spokesman said, “‘As you would expect, the nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential,'” Baldwin and Mukherjee report. “It reported that the automotive group could be valued at between 1 billion pounds ($1.3 billion) and 1.5 billion pounds.”
Read more in the full article here.
MacDailyNews Take: As always, beware precisely-worded non-denial denials.
Apple in talks to acquire British supercar maker McLaren – September 21, 2016