True Pundit

Business Technology

McLaren CEO says Apple takeover talks happened but didn’t go anywhere

Back in September, we reported that Apple was in talks to buy McLaren, as per a report in the Financial Times. A McLaren spokesperson flatly denied the rumor at the time, but it turns out that perhaps the truth of the matter is a little more complex than that denial encompassed. In an interview with Reuters, McLaren’s acting CEO Mike Flewitt confirmed that there were talks with Apple, but that they never reached the stage where Apple made a bid.

“There wasn’t a bid from Apple,” Flewitt told Reuters. “They visited. We talked. We talked about what they did. We talked about what we did. They toured. It never matured to a definitive proposition.” – READ MORE