Apple Reportedly in Talks to Acquire German HDTV Maker Loewe
Apple is said to be negotiating to acquire Loewe AG, a manufacturer and distributor of televisions, audio components and integrated entertainment systems, with a final decision expected to be announced by the end of this week.
Word of the negotiations was exclusively revealed to AppleInsider, and although the offer has yet to be accepted, a source claims that Loewe “has been advised by its financial advisor to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012.”
Apple is reportedly offering 87.3 million Euros (about $112 million USD), a slight premium over the firm’s last closing share price of 4.519 Euros (giving it a market cap of 58.79 million Euros or $76 million USD). Loewe’s primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).