Finance

McLaren denies any Apple takeover or investment in the works

Tim Cook
AP
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On Wednesday, the Financial Times reported that Apple has approached McLaren over a potential takeover or strategic investment. McLaren has officially denied that anything is happening. 

"There's no takeover, no strategic investment," a McLaren spokesperson told Business Insider. "It's completely untrue."

However, this doesn't necessarily mean that Apple hasn't considered McLaren an acquisition target in the past and certainly doesn't mean the Cupertino-based giant won't approach the supercar maker in the future.

"The nature of our business means we regularly have conversations with all sorts of parties, but those conversations remain confidential," A different McLaren spokesperson told the New York Times. "We’re not in a position to confirm or deny any previous conversation."

Apple declined to comment. 

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Benjamin was an Atlanta-based senior correspondent with Business Insider's Transportation Team, covering aviation and autos. Prior to joining Business Insider, he worked in corporate communications for a global airline, a luxury automotive brand, and a major PR agency. He is a graduate of Rutgers Law School and the University of Georgia's Terry College of Business. Top StoriesAmericans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact themI drove Hyundai's rugged new $40,000 family SUV. It's packed with useful tech but rough around the edgesThese are the best airlines in the world, according to a survey of travelers — see the full listThe history of Virgin Atlantic: How a record executive took on the airline establishment and wonAirlines are scrambling to fix an unsustainable crisis created by too many cheap flights