Apple Settles Chinese ‘iPad’ Trademark Dispute with Proview for $60 Million

Associated Press reports that Apple and Chinese company Proview Technology have reached a settlement deal that involves Apple paying $60 million for the rights to the “iPad” trademark in China.”The iPad dispute resolution is ended,” the Guangdong High People’s Court said in a statement. “Apple Inc. has transferred $60 million to the account of the Guangdong High Court as requested in the mediation letter.”Proview began publicly objecting to Apple’s use of the iPad name in late 2010, with the situation eventually escalating to see Proview demanding bans on iPad sales in the country and …

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Apple Settles Chinese ‘iPad’ Trademark Dispute with Proview for $60 Million
Eric Slivka – macrumors.com

Category: macrumors.com