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Report: Apple to acquire German TV manufacturer

Company offering $122 million for Loewe AG, decision by Friday

Apple could be just days away from announcing the acquisition of Loewe AG, a German television manufacturer.

Negotiations are still ongoing, reported AppleInsider, with Loewe "advised by its financial advisor to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012."

Apple is rumoured to have offered $112 million, or €87.3 million, in the deal.

Whispers of Apple entering the HDTV market have been circulating for some time. TGDailyreported that at a press conference this week Foxconn CEO Terry Gou revealed the factory complex was preparing to produce the Apple HDTV, though "development [and] manufacturing have yet to begin."

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Latest comments (9)

Kevin Patterson musician 4 years ago
As long as the Apple TV's aren't twice the price of a regular high end LCD/LED it could be successful. Apple's prices on computers and monitors are so high that only the rich and Apple faithful buy them.
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Apple in a box, what are the chances it will be called iTV
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Dominic Jakube Student 4 years ago
Problem there is theres allready a well established company called ITV.Here in Australia all those German TV companies like Metz,Grundig and Loewe all disapeared about the time CRT's did and the Japanese and Koreans completly took over.
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Show all comments (9)
alternatively IBOX can appear to suggest its more than just a apple TV, console, media centre etc...
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Greg Knight Freelance Developer 4 years ago
Loewe are a boutique telly company, be interesting to see how they scale up to shipping the levels of Apple products.
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Felix Leyendecker Senior 3D Artist, Crytek4 years ago
They are also a very high-end brand, their devices are ludicrously expensive.
Is there any rumor saying what apple want to do with this TV? I mean, something they couldn't do with the appleTV aready?
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Tameem Antoniades Creative Director & Co-founder, Ninja Theory Ltd4 years ago
Its going to be a giant ipad you can wave your arms and shout at no?
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Greg Wilcox Creator, Destroy All Fanboys! 4 years ago
@Taneem: Especially when it doesn't work once the cloud goes down.

I don't want a TV I can't use when something screws up the delivery system. At least I can pop in a DVD or play a disc/cart-based game when my cable goes out during a storm here (or has some other goofy issues as it does at least twice a year)...
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Could be a GIant pinpong bat for Boris's wiff waff
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