German TV Company Loewe Denies Apple Acquisition Rumor

Posted May 13, 2012

It was rumored that Apple was going to acquire German TV manufacturing company Loewe. However Loewe denied the rumors of the $113 million buyout. A Loewe company spokesperson said that the report has “absolutely nothing to do with it.” Sharp is an investor in Loewe and Sharp is expected to be the company behind the upcoming Apple HDTV. Loewe was established in 1923 and has 1,000 employees.