Apple Offers $113 Million to Acquire German Television Maker Loewe AG

By on May 13, 2012

Apple wants to revolutionize television. Now AppleInsider reports that Apple has reportedly offered $113 million to acquire Loewe AG, a German Television maker and distributor of high-end televisions.

Apple iTV

According to the sources, though Loewe didn’t yet accepted Apple’s offer, however, the financial advisors have advised the company to accept the offer and Loewe will announce its decision internally before May 18, 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).

As you know, Apple’s own TV set ‘iTV’ has been the hot subject of rumors for the last few months. Recently, Foxconn Chief Terry Gou also announced that they are preparing for making of the device and the company’s partnership with Sharp for stabling LCD panel plant in Sakai-city, Osaka, Japan is also a step aiming towards Apple television.

 

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