Loewe Declines to Comment on Report Apple to Buy Company

Loewe AG (LOE) declined to comment on a report that Apple Inc. (AAPL) will purchase the German TV maker for 87.3 million euros ($112.8 million).

Loewe “does not want to take part in these rumors,” said company spokesman Roland Raithel in an e-mailed statement. Earlier today, Deutsche Presse-Agentur cited an unidentified Loewe spokesman saying that “there is no truth” to the story, which was posted on the AppleInsider website yesterday.

Apple didn’t immediately respond today to a voicemail left by Bloomberg News on its media hotline seeking comment.

AppleInsider, citing an unidentified person familiar with the talks, reported a final decision on the takeover would be announced internally at Loewe before May 18.

In January, Loewe posted a fiscal 2011 loss before interest and taxes of 10.5 million euros on sales of 274 million euros. The company said it expected a gain in 2012 sales.

Analysts have predicted that Cupertino, California-based Apple, maker of the iPhone and iPad, will debut a television within a year.

For Related News and Information: Stories on Apple’s mergers and acquisitions:

To contact the reporter on this story: Dan Hart in Washington at dahart@bloomberg.net; Claudia Rach in Berlin at crach1@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net.

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