Matthew Garrahan and Tim Bradshaw in a big scoop for the Financial Times:

Apple has approached McLaren Technology Group, the British supercar engineer and Formula One team owner, about a potential acquisition, in the clearest sign yet that the iPhone maker is seeking to transform the automotive industry.

The California technology group, which has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or a strategic investment, according to three people briefed on the negotiations who said talks started several months ago.

This sounds insane. But then again, so did FT’s scoop about Apple buying Beats for $3.2 Billion. Almost everyone I remember went something like, “Why would Apple buy Beats!?”

Yesterday, a report was published by DNA that quoted “sources” claiming that Uber was looking to buy a controlling stake in rival OLA by buying out all of its stake holders, including promoters Bhavish Aggarwal and Ankit Bhati, except for SoftBank.

“Uber is buying a controlling stake in Ola, where all the shareholders, except SoftBank, is being bought out. The enterprise valuation is being estimated at $4billion,” said the source.

OLA rebuffed this report as baseless and today, has clarified on the official blog:

We would like to state that the article, attributed to an ‘unnamed source’ is completely false, misleading, malicious and planted in the said newspaper with the intent of causing harm to the Ola brand and creating confusion among our stakeholders.

We are shocked and dismayed at the lack of journalistic ethics in carrying the story, despite our repeated denial to the reporter and the publication’s editorial representatives. We also had received a verbal confirmation that the report shall not be carried given the company’s denial.

We will initiate appropriate legal action and seek redressal and compensation for the damage caused to us by this irresponsible reporting from DNA.

Yikes!

Michael Zhang from PetaPixel referencing a WSJ report:

[…] Yahoo sent out letters to potential buyers in recent days, asking that they submit bids over the next two weeks for Yahoo’s businesses and holdings.

There are reportedly about 40 companies interested in snatching up part or all of Yahoo. Potential buyers include Verizon, Time, Microsoft, IAC/InterActiveCorp, private equity firms, and more. Yahoo originally acquired Flickr back in 2005 for around $25 million.

Yahoo has completely botched Flickr in recent times. They’ve made some crazy stupid decisions in the past, including making the Desktop Auto Uploadr a Pro feature.

sigh

Baiju Kalesh & Deepali Gupta, reporting for The Economic Times:

Vodafone India has signed a pact to buy YOU Broadband for around Rs 400 crore and has sought approval from the Foreign Investment Promotion Board, said two people familiar with the transaction.

YOU Broadband has been an interesting ISP available in Mumbai, but they’ve stayed away from my area for years now, with no immediate plans to lay fibre here anytime soon.

I don’t expect Vodafone to change that either.