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Apple Might Acquire Luxury Car Maker McLaren : FT Report

by Chinmay Bidkar
September 21, 2016
in News
Reading Time: 1 min read
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Apple Might Acquire Luxury Car Maker McLaren : FT Report

Image : telegraph.co.uk

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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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Tags: acquisitionAppleElectric CarMcLarenSelf drive carsstrategic investment
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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