Audi has increased its offer to grab a stake in McLaren's F1 arm from 450 million Euro ($497 million) to 650 million Euro ($719 million) according to a report in German news media, and could go after the road car division later
The British firm vehemently denied an initial story that appeared last year suggesting it was about to be bought out by Audi, McLaren Racing boss Zak Brown insisting his company was not for sale or looking for equity partners, though he admitted that Audi and McLaren had met for talks.
But that smoke just won’t go way and Automobilwoche is adamant there’s fire to go with it, claiming that the VW premium band has upped its offer to McLaren by almost 45 percent. The two companies expect to sign a letter of intent today (Monday) and VW’s supervisory board will meet to discuss the deal later this month, according to an Automobilwoche story cited by Bloomberg.
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