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Apple settles with Proview over 'iPad' trademark dispute, hands over $60 million

Apple hands Proview $60 million to settle 'iPad' trademark dispute

Anthony Garreffa | Jul 2, 2012 at 3:24 am CDT (0 mins, 36 secs time to read)

Late last year, a Chinese court rejected Apple's iPad trademark infringement case toward Proview, after which Apple appealed in February, and now they've settled with the company who owned the iPad trademark in China, Proview.

Apple settles with Proview over 'iPad' trademark dispute, hands over $60 million | TweakTown.com

Apple settled with Proview for the tidy sum of $60 million, reports the Associated Press. Apple ending up coughing the dough up to Proview for the rights to the "iPad" trademark in China.

The original talks earlier this year had Apple offering Proview $16 million to settle the case, but Proview were holding out for a $400 million settlement, as the company were looking to plug the holes in their business' looming bankruptcy problems. Proview can't complain, a settlement of $60 million is not bad at all.

Last updated: Apr 7, 2020 at 11:27 am CDT

NEWS SOURCE:macrumors.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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