In what seems like a far-fetched rumor, Apple is apparently considering a bid to buy Formula One. F1 boss Bernie Ecclestone said last year that he was interesting in selling the 35% stake in the racing series he controls through holding company CVC Capitol Partners for £6 billion ($8.5 billion).
According to Joe Saward, a noted Formula One journalist, Apple is the latest bidder for the series:
Like with NFL rumors previously, this could just be an attempt to lock up streaming rights for Apple TV. As set top boxes become ubiquitous, content is going to be the differentiator. That includes both high-demand live programming like sports, and original content.
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