Apple Acquisitions: Earlier today, we brought you this story: Is Apple Inc. Targeting Pebble for Possible Acquisition? This acquisition rumor is being fueled by the possibility of Apple Inc. (NASDAQ:AAPL) diving headfirst into the wristwatch market.
This time around, we are going to take a closer look at another rumor that has been circulating for quite some time: an Apple television.
If the Cupertino-based company is going to get serious about its involvement in the television market, it makes good sense for it to target companies that are already established in the space.
Enter an acquisition rumor involving German luxury TV maker Loewe.
With rumors about this potential deal circulating, AppleInsider is reporting that “Loewe saw its shares jump considerably.” In this case, considerably means 40 percent.
Reuters has also reported on this rumor, adding the following:
“Apple supposedly wants to bid 4 euros a share for Loewe,” said a trader.”
“Shares in the maker of high-end home entertainment sets, founded in 1923 in Berlin, rose 33 percent to 3.63 euros ($4.89)by 0940 EST, having hit 3.93, valuing the company at 53 million euros.”
“A Loewe spokesman said it was unaware of any offer. An Apple declined spokesman declined to comment.”
At this point, both Apple Inc. (NASDAQ:AAPL) and Loewe are keeping quiet. Of course, this doesn’t mean anything. It is almost impossible to know what is going on behind closed doors.
One important note of interest is that Sharp current owns 28 percent of Loewe shares.
Why would Apple be interested in acquiring Loewe? Here is more from AppleInsider, taking a closer look at the company’s products:
“Loewe makes luxury television and sound equipment with a minimalist design aesthetic, as well as Blu-ray players, DVD recorders, and hard disk recorders. While the firm faces stiff competition from Samsung, LG, and Panasonic, Loewe said last year that it expected a future European fiscal recovery to boost sales through the end of 2013. Despite that optimism, Loewe’s losses nearly tripled to 29€ million in 2012, and the company is in the midst of cutting 1,000 personnel.”
As you can see, its current products seem to fit nicely with Apple’s way of doing things.
What are your thoughts on this potential acquisition?
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DISCLOSURE: I have no positions in any stock mentioned.
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