Apple in talks to acquire McLaren Technology Group

This acquisition could involve taking over all of Mclaren’s properties including its automotive and Formula 1 divisions

Overdrive September 22, 2016 01:25:05 IST
Apple in talks to acquire McLaren Technology Group

A Financial Times report suggests that tech major, Apple, is in talks with McLaren Technology Group for a possible acquisition. This acquisition could involve taking over all of Mclaren’s properties including its automotive and Formula 1 divisions. According to the report, three people were involved in negotiations which had started several months ago. The value of this acquisition has been estimated to be between £1-1.5 billion pounds (Rs 8,702- 13,053 crore), which would make it one of Apple’s biggest one yet. To put it into...

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