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Apple Approaches McLaren About A Potential Acquisition: FT (ft.com)
Apple has approached British Formula One team owner McLaren for a strategic investment or a potential buyout (Editor's note: the link could be paywalled; alternate source), the Financial Times reported, citing sources. The loss-making automotive group could be valued at around $1.4 billion. A deal with McLaren, which also makes high-performance sports cars, could give Apple key automotive technology amid reports that the company is working on a self-driving car. From the report:The California technology group, which has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago. Update: 09/21 17:31 GMT by M :The New York Times, citing two people familiar with the matter, is now reporting the same. The publication additional says that Apple has also held talks with Lit Motors, a San Francisco start-up that has developed an electric self-balancing motorcycle, about a potential acquisition.
I've been a supporter of McLaren since I was a kid. I could never support an Apple F1 team.
Ok, honest question. Though I know who the teams are I'm not a follower of F1. Why do you care one way or the other about McLaren? What do they do that makes them particularly worthy of your adoration among F1 teams? And why would Apple owning them affect that adoration in any way? Obviously it doesn't bother you that the government of Bahrain is a 50% owner why should it matter if Apple is the owner instead? Not being critical I just don't understand your position.
I know it's a corporate entity and it shouldn't matter who owns/runs them- but on a basic level it would ruin it for me.
Not seeing the logic in your position. And frankly the F1 part of the company is merely the most visible part.