Deals
Apple to Seek Strategic Stake in Luxury Carmaker McLaren
- McLaren deal would give Apple access to technology and patents
- Electric motorbike maker Lit said to have self-driving patents
Apple Said to Seek Stake in Luxury Carmaker McLaren
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Apple Inc., ramping up efforts to disrupt the transportation industry, is seeking a stake in luxury carmaker McLaren and is in talks to buy Lit Motors, an electric motorbike startup, people with knowledge of the matter said.
The technology giant would more likely make a large investment in U.K.-based McLaren than buy it outright, according to one of the people, who asked not to be identified because the matter is private. Apple wants to acquire Lit Motors because the San Francisco startup has several international self-driving patents, said another person. BMW, Audi and a South Korean automaker are also actively pursuing a Lit deal, the person said.