German HDTV Maker Loewe Officially Denies Rumours Of Acquisition By Apple
A recent report by Apple Insider had suggested that Apple is in acquisition talks with Loewe AG, a Germany based manufacturer and distributor of HDTVs and integrated entertainment systems, and is offering 87.3 million euros (about $112 million U.S.). However, a more recent report by TNW has pointed out that Loewe has officially denied any rumours of such a buyout. Company’s spokesperson told the source that the buyout report has “absolutely nothing to it.” It is worth noting that one of Loewe’s major shareholders is Sharp, a company that is said to be supplying panels for Apple’s new television sets.
According to the source:
Loewe contacted German website Heise, responding to speculation that suggested Apple had entered negotiations with the premium television manufacturer, tabling a €87.3 million (around $113 million) bid. However, the deal had reportedly yet to be agreed.
The German electronics firm was also said to have been “advised by its financial advisor to accept the offer” and a final decision was “scheduled to be announced internally before 18 May 2012.”
Apple’s purchase of Loewe would have all but confirmed the company’s intent to introduce its own television set in near future.