Apple rumored to be in talks to acquire high end HDTV manufacturer Loewe [Updated: Nope]
Update: Loewe has officially denied this report, telling Heise Online that there's "nothing to it." [Heise via TNW]
Apple is rumored to be in talks to acquire high end German HDTV manufacturer Loewe. The news comes from an anonymous source who claims that Apple has offered 87.3 million euros (around $112 million dollars).
A 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."
Loewe was established in 1929 and now employs around 1000 workers across fifty different countries. Its high end minimalistic HDTV sets would certainly blend in with Apple’s own product philosophies. This acquisition could well be a great match for Apple’s often rumored HDTV set.
As well as HDTV sets, Loewe also manufacturers high end AirSpeakers that work with Apple’s AirPlay technology as well as various audio systems with iPod integration. Loewe has also embraced the iPad and has released its own app that makes controlling its Audio/Video products a breeze.
We will keep a close eye on this story and let you know as soon as we hear any more information.
Source: Apple Insider