MacNN | Loewe shares rise on revived Apple buyout rumors
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Loewe shares rise on revived Apple buyout rumors
Wednesday, February 13, 2013 @ 11:45am

Shares of German TV maker Loewe have risen 43 percent on revived rumors of an Apple buyout, Reuters reports. "Apple supposedly wants to bid 4 euros a share for Loewe," one stock trader is quoted as saying. A Loewe spokesman claims the company is unaware of any acquisition offer, while Apple has refused to comment one way or another on the matter.



Rumors of a takeover circulated last May, but were quickly dismissed by Loewe, and nothing materialized out of them. The company has been suffering financially though, having seen losses nearly triple to 29 million euros in 2012. To compensate the company is firing about 200 people, and trying to increase cooperation with Sharp. Its weak position could make it an easy purchase. Both Loewe and Sharp have had their names discussed in the context of an Apple TV set. While some reports have claimed that prototypes already exist, the device doesn't appear to have progressed beyond that stage. Apple may be waiting on stalled content deals, since the company is thought to be angling for -la-carte subscriptions that could undermine the bundle deals typically arranged between networks and cable/satellite providers.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Most Recent Stories:

  • CVS throws in with Rite Aid, blocks Apple Pay and Google Wallet - 8:30 PM EST
  • Twitpic archives acquired by Twitter, data saved temporarily - 7:45 PM EST
  • Google CEO Larry Page hands over most Google products to Sundar Pichai - 7:11 PM EST
  • Hands On: Boom (OS X) - 7:04 PM EST
  • Yosemite adoption outpacing last year's Mavericks, now at 12.8 percent - 9:45 PM EST
  • Memo shows Rite-Aid's disabling of Apple Pay, NFC systems deliberate - 7:16 PM EST
  • Sprint adds 12-month option to 'iPhone for Life' leasing plan - 4:58 PM EST

    Today's iPodNN Stories:
  • MetroPCS adds data plans for tablets, sells Alcatel Onetouch Pop 7 - 3:21 PM EST
  • Ransomware found on online advertising networks used by major sites - 11:41 AM EST
  • Sprint increases Family Share Pack range with 1GB plan for $20 - 8:08 AM EST
  • Briefly: More Inbox invitations sent, LG G Watch R rollout details - 7:04 AM EST
  • LG reveals Nuclun octa-core processor, confirms G3 Screen smartphone - 6:32 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.