Loewe Denies Apple Acquisition Rumors

Loewe, a German maker of high-end televisions, has denied an Apple acquisition rumor started by AppleInsider yesterday.

The company issued a statement to German website Heise on Sunday, in which a spokesman claimed there was "absolutely nothing to" the rumor. An unconfirmed tip provided to AppleInsider on Saturday claimed that the company's board of directors was due to make a final decision on an alleged deal before this Friday, May 18.

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