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Loewe TVs  (Source: roberttaussig.co.uk)
Loewe denies rumors

Rumors of a possible deal with Apple has sent German TV maker Loewe's shares upward. According to Reuters, Loewe shares hit a 10-month high today at 5.92 euros per share as of 4:45 a.m. On Friday, Loewe's closing price was 4.5 390 euros per share.

The reason for the 30 percent jump was a supposed offer from Apple. According to AppleInsider, Apple looked to pay 87.3 million euros, or $113 million USD, on Loewe's closing price Friday. This was a 48 percent premium.

Unfortunately, it appears that Apple Insider received some bad information. A spokesman for Loewe has come out to deny the rumor, stating there is "absolutely nothing to it." 

Apple Insider's original report indicated that Apple and Loewe could enter a TV-related venture together because of similar design tastes.

Apple has had some major issues in Germany this year. In February, a German court banned Apple's iCloud, and in April, the court upheld the previous ban on both iCloud and MobileMe

Sources: Reuters, heise online



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By JackBurton on 5/14/12, Rating: -1
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By elleehswon on 5/14/12, Rating: 0
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