Apple In Talks To Buy McLaren — The Real Deal Or Another Project Titan Red Herring?

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Silicon Valley giant Apple is reportedly in talks to purchase British supercar maker Mclaren according to report by the Finanacial Times.

The deal rumoured to be worth £1.5 billion (Rs. 130.44 billion) and would see Apple takeover McLaren Technology Group which consists of carmaker McLaren Automotive, Formula One racing team McLaren Racing Limited along with the technology firm McLaren Applied Technologies.

The report though could very well be another false lead with regards to Apple's secretive Project Titan as McLaren later came on record to deny the report. McLaren stated that it "is not in discussion with Apple in respect of any potential investment." However, the same statement went on to say, 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".

Apple has refused to comment on the matter.

However, despite both companies playing down the report, it does give us a hint at Apple's aims for the secretive Project Titan car project which has just recently changed direction towards autonomous driving. By taking over McLaren, Apple will gain access to the people who can take care of the issues plaguing Project Titan.  

For now, we will have to keep a beady eye on proceedings, as it was a Financial Times report that broke the story of Apple last humongous takeover - the acquisition of Beats by Dr. Dre for $3 billion (Rs. 201.073 billion).

Read more on: #mclaren #auto news
Story first published: Thursday, September 22, 2016, 11:44 [IST]
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