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RumorTT: Apple eyes German TV maker Loewe for acquisition

RumorTT: Apple has offered German TV maker Loewe $113 million for a buyout

| Business, Financial & Legal News | Posted: May 14, 2012 1:30 am

Ah Loewe. You were my first taste of 100Hz CRT heaven. The latest rumbles that is the belly of the Internet is that tech giant Apple is looking at a guyout of German TV maker Loewe.

 

TweakTown image news/2/4/24065_01_rumortt_apple_eyes_german_tv_maker_loewe_for_acquisition.jpg

 

Just how much were Apple willing to slide across the table? A cool $113 million, but a company spokesperson stating the report from AppleInsider has "absolutely nothing to do with it".

 

Where it gets good is that Loewe contacted German website Heise, responding to speculation that suggested Apple had started negotiations with Loewe, bidding $113 million for the company. The deal had reportedly yet to be agreed upon. Loewe were also said to have been "advised by its financial advisor to accept the offer" and that a final decision was "scheduled to be announced internally before 18 May 2012".

 

Another interesting fact is that one of Loewe's major shareholders is.. drumroll.. Sharp. A company that has been previously pegged to providing panels for Apple's new television sets. Loewe has the reputation, Apple has the money, the deal would make perfect sense.

NEWS SOURCE
Thenextweb.com

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