Apple has been linked with a shock £1.5bn deal to buy McLaren Technology Group, the Formula One team owner and supercar maker.
A deal between Apple and the British company would intensely shake up the technology and automotive industries. The California-based company’s interest in McLaren Technology Group highlights its ambition to develop technology that could be used in an electric and driverless car.
Apple has approached McLaren about a takeover but could also make a planned investment in the company, the Financial Times reported.
McLaren denied that it was in talks with Apple, but it said: “As you would expect, the nature of our business means we often have confidential conversations with a wide range of parties, and they need to remain so.
“We can confirm that McLaren is not in discussion with Apple in respect of any potential investment.”
Apple said it “does not comment on rumors or speculation”.