Apple held talks with McLaren, but never tabled takeover bid

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The CEO of McLaren Automotive has confirmed that talks were held with Apple regarding a possible takeover, but that no bid was tabled by the American technology giant.

A report published by the Financial Times in September claimed that Apple was looking to take over McLaren, only for the British marque to deny that talks were ongoing.

The future of McLaren’s ownership has been subject to speculation in recent weeks following the exit of chairman Ron Dennis after 35 years amid a boardroom struggle.

Speaking to Reuters, McLaren Automotive CEO Mike Flewitt confirmed that a number of bids had been made for the company, but that Apple was not responsible for any of them.

“There have been a number of bids,” Flewitt said.

“I am comfortable with where our current shareholders are that they want to retain ownership of the company.

“They want to develop both companies. I genuinely believe they are very committed to them.

“There wasn’t a bid from Apple. 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.”

Apple previously expressed an interest in taking over Formula 1, completing due diligence ahead of a possible bid before Liberty Media struck a deal to buy the series in September.