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Monday, May 14
2012, 9:17 AM
Apple (AAPL) is reportedly in talks to acquire Loewe, a German maker of high-end TVs and...
Apple (AAPL) is reportedly in talks to acquire Loewe, a German maker of high-end TVs and speakers sporting minimalist designs, with a final decision due this week. A source claims Apple is offering $112M, a 47% premium to Loewe's Friday close on the Frankfurt exchange. The report comes shortly after Foxconn's chairman said his company is preparing to make an Apple TV set. Sharp, which just received an investment from Foxconn, owns 28.8% of Loewe. Update: Loewe is denying the rumor, but some investors aren't convinced, as its shares are still up 24.6%.