According to a report by the Financial Times, Apple has expressed an interest in purchasing, or at least heavily investing in, McLaren. The deal that has been authored is also quite lucrative and according to the financial times the value estimated might be anywhere between 1.3 billions to 1.9 bilion USA dollars. It's estimated that McLaren is worth $1.3 to $1.9 billion, potentially making this Apple's largest acquisition since it bought Beats headphones for $3 billion.
McLaren was quick to deny any claims that they were in talks with the tech company, and released a statement saying that "We can confirm that McLaren is not in discussion with Apple in respect of any potential investment".
Before it's here, it's on the Bloomberg Terminal. (See also: Apple Car Rumors: What You Need To Know).
Apple's vehicle program, dubbed Project Titan, is said to be responsible for the design and development of the auto.
All of these would be very useful to, say, a company trying to develop a viable self-driving electric auto of its own - and Apple is very careful about keeping as much of its mission-critical IP as possible in-house. The company only produces a few thousand cars a year and it sold only about 1,600 vehicles last year.
A deal between Apple and the British company would dramatically shake up the technology and automotive industries.
McLaren employs thousands of people and has built some of the fastest and most expensive supercars in the world based on its F1 technology
In what has the potential to turn out as a mother of all acquisitions, Apple is reportedly in talks to acquire non other than supercar maker McLaren.
When we think of McLaren, we immediately think of its driver-focused supercars (and hypercars) and racing machines - not quite the autonomous podcars-of-the-people we'd expect from Apple.
McLaren Technologies' expertise in motorsports (the company provides engine software for every vehicle competing in Formula 1) and advanced materials is likely of great interest to Apple as well.
The New York Times reported earlier this month that Apple was rethinking its strategy, mothballing parts of its Titan self-driving cars project. The agreement would supposedly be for McLaren Automotive parent company McLaren Technology Group.
McLaren Automotive produced 1,654 vehciles in 2015, generating revenues of £450m ($583m, €523m). Hitting a deal with McLaren would be a type of jackpot for the Cupertino giant as this could be a way to hire many engineers who know how to make cars, engines, chassis and more.