Apple has reportedly offered to purchase Loewe AG, a German manufacturer and distributor of high-end televisions, reports AppleInsider.
Apple's offer has not yet been accepted; however, their 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."
This person said Apple is confidentially offering 87.3 million euros (about $112 million U.S.), 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 U.S.). Loewe's primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).
Rumors of an Apple branded television have long existed. Just yesterday it was reported that Foxconn Chief Terry Gou said his company is making to manufacturer the device. Foxconn also entered into a partnership with Sharp for a LCD panel plant in Sakai-city, Osaka, Japan.
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Apple's offer has not yet been accepted; however, their 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."
This person said Apple is confidentially offering 87.3 million euros (about $112 million U.S.), 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 U.S.). Loewe's primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).
Rumors of an Apple branded television have long existed. Just yesterday it was reported that Foxconn Chief Terry Gou said his company is making to manufacturer the device. Foxconn also entered into a partnership with Sharp for a LCD panel plant in Sakai-city, Osaka, Japan.
Read More