SEPTEMBER 22, 2016
McLaren plays down Apple buyout rumours
McLaren has denied reports that it could be bought by the famous electronics multinational Apple.
The Financial Times had cited three sources who said the Woking based company, also including the F1 team, had been approached by Apple in a deal that could be worth up to $2 billion.
But a McLaren spokesman said: "We can confirm that McLaren is not in discussion with Apple in respect of any potential investment."
However, he added that "the nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential."
In July, Apple - working on its so-called 'Apple Car' project - was linked with F1's commercial rights, but the sport was instead bought by Liberty Media.