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WSJ Article: Apple Inc. in talks to buy controlling interest in Rivian

junkanoo

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Per The Wall Street Journal:

A leaked Apple Inc. document alleges that there have been preliminary talks between California-based electronic vehicle manufacturer Rivian Automotive, Inc. (RIVN) and Apple Inc (AAPL) to sell a controlling interest in the start-up to the Cupertino-based tech giant in an all-cash deal. Reportedly the Rivian brand would continue for vehicles produced in Normal, Illinois, and the Apple-branded vehicle in Madison, Georgia.

https://www.wsj.com/articles/apple-wont-struggle-to-find-co-driver-on-car-project-11612884513
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nc10

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A leaked Apple Inc. document alleges
Old article. I don't see this quote? (Sure like the concept of Apple + Rivian, but just wishful thinking ??? )

Updated reply: Never mind....
 
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DB-EV

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Per The Wall Street Journal:

A leaked Apple Inc. document alleges that there have been preliminary talks between California-based electronic vehicle manufacturer Rivian Automotive, Inc. (RIVN) and Apple Inc (AAPL) to sell a controlling interest in the start-up to the Cupertino-based tech giant in an all-cash deal. Reportedly the Rivian brand would continue for vehicles produced in Normal, Illinois, and the Apple-branded vehicle in Madison, Georgia.

https://www.wsj.com/articles/apple-wont-struggle-to-find-co-driver-on-car-project-11612884513
I was wondering why the stock jumped so much.
 

DaveA

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Ya got me for a split second…then checked my calendar.
 

moosehead

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Article dated February 9, 2021 which is a half-life ago.

Notwithstanding that reality, there are several large institutional shareholders that are clearly strategics which bode well for both upside potential and downside protection.
 
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Inkedsphynx

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I would literally sell my R1. No thanks Apple. Hopefully this never happens - given we've heard nothing about it in the last year, I'm guessing it won't ever become reality.
 

NY_Rob

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Fooly on us.. naughty OP ;)
 

Gshenderson

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I bet we’d then get CarPlay if that happened! ?
 

Gamma rays

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I guess Rivian is one hot company. When will WSJ report MSFT being interested (after Apple and Amazon)? Perhaps there will be a bidding war!

GR

PS: I am aware of the calendar.
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