Apple Might Acquire Luxury Car Maker McLaren : FT Report

 

Image : telegraph.co.uk

Image : telegraph.co.uk

21 September 2016, USA :

Apple has approached luxury car maker McLaren over a potential sale of part or all of the company, the Financial Times reported on Wednesday.

Apple, which has been working on a self-driving electric car for more than two years, is considering an acquisition of McLaren or a strategic investment, noting that the discussion started few months back.

The acquisition would also be comparably cheap, at least for the automotive space: McLaren is valued between $1.3 billion to $1.95 billion, according to the Financial Times. Still, the paper is reporting that a deal is not certain.

Headphone company Beats has been Apple’s biggest acquisition to date. It acquired Beats electronics for $3 billion in 2014. The company has since invested significant amounts in the automotive space, recently the company made an investment in Didi Chuxing, the Chinese ride-hailing app. Source- Financial Times

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