Quick Note: German TV Maker Loewe Denies TV Venture with Apple
May 14, 2012 10:38 AM
comment(s) - last by
Loewe denies rumors
Rumors of a possible deal with Apple has sent German TV maker Loewe's shares upward. According to
, 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
, 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
received some bad information. A spokesman for Loewe has
come out to deny the rumor
, stating there is "absolutely nothing to it."
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
, and in April, the court upheld the previous
ban on both iCloud and MobileMe
This article is over a month old, voting and posting comments is disabled
5/14/2012 10:03:36 AM
Loewe has already denied the rumor.
5/14/2012 1:10:11 PM
Just remember what ol' Jack Burton does when the earth quakes, and the poison arrows fall from the sky, and the pillars of Heaven shake. Yeah, Jack Burton just looks that big ol' storm right square in the eye and he says, "Give me your best shot, pal. I can take it."
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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