“German luxury brand Loewe experienced a roller coaster day,” Romain Dillet reports for TechCrunch.
“A trader commented that ‘Apple supposedly wants to bid 4 euros a share for Loewe,’ which sent Loewe shares up as much as 44.5 percent to €3.93 compared to yesterday’s closing price of €2.72,” Dillet reports. “The German stock exchange closed today with Loewe shares trading at €3.35, representing a one-day increase of 23.16 percent.”
Dillet reports, ” Selling the company to Apple or anyone else would be a way to exit the tedious luxury TV market… For Apple, Loewe could represent another small strategic acquisition. Yesterday, Tim Cook said that the company closes a deal every other month.”
Read more in the full article here.
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RUMOR: Apple in talks to acquire German HDTV maker Loewe; shares surge 33% – February 13, 2013
Shares in German TV maker Loewe jump on Apple buyout talk – May 14, 2012
German TV maker Loewe denies Apple acquisition rumor – May 13, 2012
RUMOR: Apple in talks to acquire German HDTV maker Loewe – May 12, 2012
Wow the power of Apple is amazing..just a rumor that Apple is interested in your company makes the stock go nuts.
Some genius just make a buck or two with this rumor..
Make that a criminal genius.
JAT. (Just a thought)
En
Why would Apple want to buy this company? Are they well known for having the very best TV sets or screens? Beng & Olafson would seem to me to produce stylish quality gear and be a better fit with Ive’s design philosophy. Puzzled in Court!
B&O stuff is rubbish, all style, and very little content. Their ‘hifi’ equipment is bought by people who like to show their posh friends they have ‘taste’, while not actually liking music very much. The actual technology underneath is bought-in cheap middle-range stuff. Their TV’s used to use standard Phillips tubes, their CD players also used cheap Phillips mechs.
B&O is the Antithesis of Apple, where the very best quality technology is hidden under a fairly plain skin.
Apple does not really need any of those companies. However, Loewe has small team of high-quality engineers with experience in specific areas, so Apple can just allow itself some reinforcement of the kind, even though it is not a “must” purchase.
Apple would be better off acquiring Sharp or Panasonic for their TV and touchscreen manufacturing technology than that shitty no name German company that makes lousy TVs that no one buys.
Far from being a no-name company, Loewe are very highly respected for making quality TVs. Obviously quality TVs will never sell as well as low-end TVs, but to call the company shitty is absurd. If Apple is looking to buy a TV manufacturing company, there are only two that I would expect to appear on the shopping list, Loewe and Finlux. Neither of them are particularly well known in the mainstream, but both make innovative, high quality TVs. Not to be confused with Bang & Olufsen, who put OK electronics in ostentatiously designed housings.
B&O would be of little use to Apple. Apple already has a man who can make stylish housings ( and a lot more besides ). What Apple needs is people to design high quality TV reception electronics to put inside it’s own housings.
You only have to glance at the sort of companies that Apple has previously bought into to realise that they don’t buy companies that are well known ( such as Sharp or Panasonic ), they buy relatively obscure niche companies who have employees that can bring some unique expertise to Apple.
BLN is demonstrating his incompetence and ignorance, again.
Why would Loewe’s shares go up on rumours of an Apple acquisition? APPL are often such losers on the share market you’d think the rumour would make Loewe’s shares plummet.
“Apple” is……. not “Apple are”. Just saying.
Actually, when referring to a plural entity such as a corporation, the more common international usage is the plural verb (i.e. “are”). The American usage of referring to a corporate entity as a singular and using the singular verb (i.e. “is”) is unique to the USA.
Last time I checked, Burbank is in the good old USA. But I’m well aware of the international application. However we broke away several hundred years ago. So why use someone else’s version?
“a plural entity” ?
all things can be broken into smaller parts, but a corporation (like a corps) is singular. There is only one Apple.
Hey, he’s the genius. So he says.
Since I’m not American that makes sense.
Des Gusting your comment reflects a serious lack of education and culture. AAPL cares about Profit share not Marketshare.
Not sure what you’re on about, MacHeadB. I didn’t say anything about what APPL care (NB: plural because I’m not from the U.S. of A.) about.