McLaren CEO Admits That There Were Talks With Apple

Shareholders in McLaren's Formula One team and luxury sports car sister company are committed to both businesses and have turned down bids from prospective buyers, the CEO of the brand's automotive firm told Reuters on Friday.

Ron Dennis, who headed the McLaren Technology Group (MTG) that runs the Grand Prix racing team, was forced out this week after what Sky News said was a dispute over a Chinese takeover bid that Dennis backed and other investors opposed.

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TheSteve - 11/25/2016 12:01:39 PM

0 Boost

*** Misleading, sensationalized title ***

Article "..."There WASN'T A BID from Apple," said Flewitt. "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," he said..." (emphasis added here for clarity)

So does that mean that anyone who visits McLaren is "in talks" with them? Much ado about nothing.

Agent009 - 11/25/2016 12:44:37 PM

+1 Boost

The title does not say bid, it says "talks" and that was confirmed.