Teenage Engineering aren't the ones who would be acquired, they just did the industrial design work on contract for Rabbit. The same way TE designed the Playdate but it's not a TE product.
Anyone interested in demystifying TE should look at the PC case they designed. They sell polished turds, they just didn't polish that one enough for it not to stand out as a complete piece of crap.
This is pretty unfair. They sell sometimes pretty exclusively priced stuff like their field table - more than the case. But with these you are buying aesthetics. And i would much rather have case this cool looking if i had it in visible place. They are one of the few companies recognized for their design that is something AND their audio stuff might also be expensive but is really good.