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Apple Agrees To Pay $60 Million And End iPad Trademark Dispute With Proview In China
Marking the end of the longstanding trademark dispute over the name “iPad,” Apple has agreed in Chinese court to pay a $60 million settlement fee to Proview Technology. Once the money is transferred, the settlement will officially end the court battles between the two companies.
Proview originally accused Apple of stealing its iPad trademark in February 2012 on Chinese soil, and the legal dispute has continued since. The U.S. California court ruled against Proview’s accusation earlier this year, and Guangdong High People’s Court reports that Apple and Proview have reached an agreement that Apple will shell out a cool $60 million to close the case
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