|Feb 13, 2013, 11:01 AM||#1|
Shares of Television Set Maker Loewe Jump as Apple Acquisition Rumors Resurface
Reuters reports that shares of German television set maker Loewe jumped 43% today as rumors of a possible acquisition by Apple resurfaced. A trader was quoted as saying that Apple is looking to bid 4 euros per share for Loewe, but a company spokesman claimed that Loewe was not aware of any such offer.
Rumors of an Apple acquisition of Loewe first emerged in May of last year, dying when Loewe said there was "absolutely nothing to it". It is not known what has led to the renewed speculation today.
While Loewe's luxury TV designs are very much in line with what might be expected from the long-anticipated Apple television set, given that design is one of Apple's core strengths it is not immediately clear what unique contributions Loewe might bring to the table. The German manufacturer is 28% owned by Sharp, 13% by the company's management, 11% by storage company Lacie, and the rest freely traded.
As of the time of writing, Loewe shares were up 33% to 3.63 euros ($4.89), valuing the company at 53 million euros.
Article Link: Shares of Television Set Maker Loewe Jump as Apple Acquisition Rumors Resurface
|Thread Tools||Search this Thread|
|thread||Thread Starter||Forum||Replies||Last Post|
|Apple Television Set Not Expected Until 2015 or Later, But A7 Apple TV Could Come in 2014||MacRumors||MacRumors.com News Discussion||127||Mar 3, 2014 01:34 PM|
|Apple Testing Television Set Prototypes, 'Isn't a Formal Project Yet'||MacRumors||MacRumors.com News Discussion||165||Feb 13, 2013 04:53 PM|
|Brightcove CEO Envisions His Dream Apple Television and Set-Top Box||MacRumors||MacRumors.com News Discussion||248||Dec 21, 2012 11:20 AM|
|Analyst Believes Apple Television Set Already in 'Full Production', Launch Timeframe Unclear||MacRumors||MacRumors.com News Discussion||174||Sep 2, 2012 05:02 AM|
|Apple Television Set to Include Motion Sensing Control and Touchscreen Remote?||MacRumors||MacRumors.com News Discussion||83||Jun 11, 2012 10:23 PM|
All times are GMT -5. The time now is 03:30 AM.