McLaren DENIES acquisition talks with Apple

9/28/2016 8:09:24 AM

(MENAFN- Khaleej Times) The company said there were no discussions over a sale or investment from Apple, Telegraph reported on Thursday.

British automotive manufacturer and Formula One team owner McLaren has denied reports that tech giant Apple is set to acquire it

The company said there were no discussions over a sale or investment from Apple, Telegraph reported on Thursday.

"We can confirm that McLaren is not in discussion with Apple in respect of any potential investment," a spokesperson was quoted as saying.

Earlier media reports said that the iPhone maker was considering to buy McLaren for 1 billion pounds.

The acquisition of McLaren can accelerate Apple's automotive project. McLaren makes luxury super cars and has an advanced technology unit that develops cutting-edge electronics.

Experts have even said Apple may be interested in buying US electric car maker Tesla.

The Cupertino-based company recently acquired audio group Beats Electronics for $3 billion.

Apple has also invested $1 billion in the Chinese ride-hailing company Didi Chuxing.

Share More > Vote

var UNIQUE_ARTICLE_ID = "3E3B3EA3-61AA-4027-B886-26ABC0DFE044"; var SECTION_TAGS = "tag1, tag2, tag3"; var ARTICLE_TITLE = "McLaren%20DENIES%20acquisition%20talks%20with%20Apple%0D%0A"; var GA_CODE = "UA-819330-1"; var VUUKLE_API_KEY = "841fb3e5-977f-4e2e-be39-fae608323cc5"; var TRANSLITERATE_LANGUAGE_CODE = "en"; var VUUKLE_COL_CODE = "646464"; var VUUKLE_STORIES_TIME = 0; var ARTICLE_AUTHORS = btoa(encodeURI( '[{"name": "name one", "email":"","type": "internal"}, {"name":"name two", "email":"","type": "external"}]')); create_vuukle_platform(VUUKLE_API_KEY, UNIQUE_ARTICLE_ID, "0", SECTION_TAGS, ARTICLE_TITLE, TRANSLITERATE_LANGUAGE_CODE , "1", "", GA_CODE, VUUKLE_COL_CODE, ARTICLE_AUTHORS); function ArticleVote_GetCookie(c_name) { if (document.cookie.length>0) { c_start=document.cookie.indexOf(c_name + "="); if (c_start!=-1) { c_start=c_start + c_name.length+1; c_end=document.cookie.indexOf(";",c_start); if (c_end==-1) c_end=document.cookie.length; return unescape(document.cookie.substring(c_start,c_end)); } } return ""; } function ArticleVote() { $.ajax( { type: "POST", url: '/misc/misc/ArticleVote.pbs&guid=3E3B3EA3-61AA-4027-B886-26ABC0DFE044&write=1&d=' + (new Date()).getTime(), success: function(data) { var LData = data || "no response text"; if(LData.indexOf("voted") != -1) { $('#NCS-ArticleVoteLoad').html(LData); ArticleVoteLoad(1); } else alert("You have already voted on this article"); }, error: function(){ console.log('Something went wrong...') } }); } function ArticleVoteLoad(ALoad) { var GVotecookie = ArticleVote_GetCookie('NCSD_ARTICLEVOTE'); var GArticleVoted = 0; GArticleVoted = GVotecookie.replace(/.*?3E3B3EA3-61AA-4027-B886-26ABC0DFE044.*?$/, "1"); if (GArticleVoted == 1) { $('.DivArticleVote').html('VOTED'); $('.DivArticleVote').css("background-color","#db2425"); $('.LiArticleVote').attr('onclick','').unbind('click'); } if(ALoad == 1) $('.SpanArticleVote').load("/misc/misc/ArticleVote.pbs&nocache=1&guid=3E3B3EA3-61AA-4027-B886-26ABC0DFE044"); else $('.SpanArticleVote').load("/misc/misc/ArticleVote.pbs&guid=3E3B3EA3-61AA-4027-B886-26ABC0DFE044"); } ArticleVoteLoad(0); MORE FROM Business

Auto McLaren DENIES acquisition talks with Apple

The company said there were no discussions over a sale or investment... READ MORE

Aviation Emirates, Etihad suites among the best in the...

UAE-based airlines Emirates and Etihad have among the best suites... READ MORE

Business Fed keeps rates steady, signals one hike by end...

"The case for an increase in the federal funds rate has strengthened,... READ MORE

Local business Meet 'Pepper' robot at Emirates NBD

MORE FROM Khaleej Times

Dubai Burj Al Arab terrace finally opens to non-hotel...

An eclectic series on how to make the most of your weekend. KT... READ MORE

Education UAE leads in international English-language...

Accordingly, the UAE now has 589 schools fitting the category,... READ MORE

Crime Dubai Police nail butcher who decapitated maid

The woman has been identified as Manormeeta Salwaro Dadi, a national... READ MORE

Hollywood French actress Cotillard denies affair with Brad...

Cotillard, 40, posted a statement on her verified Instagram page a... READ MORE

var doLoad = true; if (doLoad) { updatePollMini("/apps/pbcs.dll/miniquery?NoStat=1&TARGET=_top&W=130&H=60&Labels=leading&Category=poll&ObjectClass=97&BGColor=&LabelTrim=","pollMini558"); }

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.