Market Currents
Apple (AAPL) is rumored to be planning a €4/share bid for Germany's Loewe (LOEEF.OB),...
-
Wednesday, February 13, 7:57 AM ETApple (AAPL) is rumored to be planning a €4/share bid for Germany's Loewe (LOEEF.OB), sending shares in the consumer-electronics supplier 16.1% higher to €3.17 in Frankfurt and giving it a market cap of €40.07M. Loewe says it's not aware of any bids.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 14 comments:
Loewe's TV looks like an iMac and Sharp has an interest in them they were including an iPad with their TV, they also have an APP on iTunes.
Given Apples current weekly cash generation of $1.25bn per week or €178,000,000 every day, it would take less than six hours of new cash generated to buy this company.
The real benefits of this aquisition would be to give Apple premium technology, quality TV experience, a high-end distribution network (separate to Apple Stores) and a solid boost to Apple's share price, as there would be no clearer signal to 'the street' of Apple's TV intentions than to aquire this brand.
If Apple is planning an immersive viewing experience like iTunes then this is Step 1, with providing significant content being Step 2. Given Apple's history, I find it hard to believe they would undertake Step 1 without having Step 2 completely taken care of.