Apple is said to be in negotiations to acquire German television maker Loewe, according to AppleInsider. The report, citing an unidentified source, claims that Apple has offered Loewe 87.3 million euros (nearly $113 million U.S.), a rather substantial premium over the television maker’s current market cap of 58.79 million euros or roughly 79 million U.S. dollars.
Loewe has yet to accept an offer from Apple, but the report claims that the German television maker “has been advised by its financial advisor to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012.”
AppleInsider has not been able to verify the accuracy of the information yet, but this acquisition would make sense based on the increasing number of rumors that suggest Apple is working on a range of high-definition television sets. Loewe currently manufactures a series of premium brand television sets that are “made in Germany” exclusively despite growing costs.
As noted by MacRumors, the sleek design of Loewe television sets would fit nicely with the product design of Apple’s industrial design expert Jonathan Ive. Additionally, the parent company and principal shareholder of Loewe is Sharp, a display maker that already has a preexisting partnership with Apple.