Apple is said to be negotiating to acquire Loewe AG, a manufacturer and distributor of televisions, audio components and integrated entertainment systems, with a final decision expected to be announced by the end of this week.
A confidential source has confided that Loewe “has been advised by its financial adviser to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012.” Its also believed that Apple is confidentially offering 87.3 million euros (about $112 million U.S.), a slight premium over the firm’s last closing share price of 4.519 euros (giving it a market cap of 58.79 million euros or $76 million U.S.). Loewe’s primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).
The accuracy of the information provided cannot be verified to be true as of now. But rumors continue to float around the internet about the indigenous device which Apple would release soon.
Also FOXCONN Chief Terry Gou has confirmed in an inaugural speech about his company getting prepared to manufacture the much anticipated Apple iTV.