Apple has approached British Formula One team owner McLaren for a strategic investment or a potential buyout (Editor’s note: the link could be paywalled; alternate source, the Financial Times reported, citing sources. The loss-making automotive group could be valued at around $1.4 billion. A deal with McLaren, which also makes high-performance sports cars, could give Apple key automotive technology amid reports that the company is working on a self-driving car.

Read more of this story at Slashdot.

Source: Slashdot – Apple Approaches McLaren About A Potential Acquisition: FT