Apple Offers Proview $16 Million for iPad Trademark?

Apple Offers Proview $16 Million for iPad Trademark?

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Apple has reportedly offered Proview 16 million to settle its battle over the iPad trademark in China, reports TNW.

A report shared by Sina (via the Beijing Times) states that Apple offered 100 million yuan ($16 million) for rights to the mark in China but cash-strapped Proview would not agree terms. Proview is thought to be looking for at least 400 million yuan ($63 million) in order to appease its creditors, eight of which are Chinese banks.

Proview was looking for $2 billion in compensation from Apple in its U.S. lawsuit; however, that suit was recently dismissed.

With creditors breathing down its neck, Proview is likely feeling the pressure to settle as soon as possible.

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Apple Offers Proview $16 Million for iPad Trademark?

John doe - May 10, 2012 at 11:16pm
I don't get how a company accuses the other of stealing proprietary ideas may that be in the form of patents or copy rights over an item or name and wait years for them to claim their case and the courts don't take that into consideration that it's obvious they waited till lots of money was made by the accused company so then they'll sue. To me that's sounds like using the courts to commit extortion. If you wait too long to sue then the damage that you claim couldn't have been that severe since there was no urgency on the matter. It's just my opinion.
Kit - May 10, 2012 at 9:28pm
Let the fuckers burn. They got paid what they thought was a fair price 3 years ago, and now they it's Apple responsibility to get them out of the shit? Fuck off! Drag the legal proceedings out until they're liquidated, case closed. Fucken greedy cunts deserve to burn for being so stupid.
Tdtran1025 - May 10, 2012 at 7:47pm
All of those nomenclatures ixxx are just funny afterthoughts. Apple has its gold mine and they don's even use it. From here on, ghey should name whatever they make Applexxx and be done with that.
NoGoodNick - May 10, 2012 at 2:55pm
Actually, if I was Apple I'd take a different tact. Simply renaming the name of the iPad (in China only) to something like "iThingie", pointing out to everyone that it's a ridiculous position, that it's hurting China's image and making them a laughingstock of the world, while not making a hill of beans to Apple itself. Apple already has the rights to the iPad name throughout the rest of the world. If they have to change the name in China... as they say, "An apple by any other name, tastes as sweet" (to completely screw up famous quotes!)
Jim - May 10, 2012 at 7:15pm
As somebody said a few days ago, in China, call it "the tablet formerly known as iPad."
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