German HDTV Maker Loewe Denies Apple Buyout

Loewe

German HDTV maker Loewe has denied rumors that the company was in talks with Apple about a potential buyout.

The rumors surfaced this past Saturday, 12 May 2012, after an unnamed tipster provided Apple Insider with unconfirmed information claiming that Loewe’s board of directors planned to make a final decision on the Apple acquisition before Friday, 18 May 2012.

Loewe responded to the claim by issuing a statement to German website Heise on Sunday, 13 May 2012. The HDTV maker stated that the rumor was false.

The direct response seems to disprove AppleInsider’s source’s information but the rumor seemed incredibly plausible. Loewe has been in the television business since 1929 and their current television sets feature a very Apple-esque minimalist design with a price-tag to match.

The rumor gets more believable when considering the rumors last year that Apple nearly bought a stake in LCD panel maker Sharp. Instead Foxconn bought an 11 percent share in the company. Looking a little deeper, Sharp in turn owns a 30 percent share of Loewe. The relation between Apple and Foxconn needs no introduction.

Apple>Foxconn>Sharp>Loewe.

This rumor may seem to be true and this story is likely to become interesting in coming days.

Source: Modmyi

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