Apple pays $60 million to Proview, shakes handsProview, a company that certainly took the fight to Apple earlier this year by laying claim to the iPad name in China, is now $60 million richer thanks to Apple arriving at this particular resolution, ensuring that the matter is no longer raised. Shenzhen Proview Technology, which is the full name of a local firm, claims to own the iPad trademark in that part of the world. Well, the case did go back and forth in China over the months, and The New York Times reported that Proview originally asked for as much as $400 million, but I guess being so cash strapped and all, they had finally decided to settle for a far more tame $60 million in order to pay off its creditors. Apple did complete the $60 million transaction already, and are more than willing to shelve this into the bin of history and look forward to a brighter future in China. You know what they say, beggars can’t be choosers. After all, $60 million is nothing to the cash rich Apple, but it is considerably more than the cheeky $16 million offered earlier.

This article was filed in Homepage > Apple and was tagged with Apple Inc and proview. The story was spotted on nytimes
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