Apple Reportedly Offers Proview $16 Million for iPad Trademark [iOS Blog] | Tech NEWS

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Topics: General

Following a claim earlier this week that Apple had made its first settlement offer to Proview in the ongoing dispute over the “iPad” trademark in China, The Next Web now points to a report from Sina.com [Google translation] claiming that Apple’s offer amounted to 100 million yuan, equivalent to $16 million.



That marks a substantial increase over the $55,000 purchase price in the original deal between Proview’s Taiwanese arm and a dummy corporation set by Apple to acquire the trademark in a number of countries. Proview later claimed that the Chinese rights to the trademark were owned by its Chinese subsidiary and that the Taiwanese arm consequently could not have sold them to Apple.

Proview has been seeking as much as $2 billion in its lawsuits against Apple over the trademark, but today’s report notes that Proview has gone bankrupt with $400 million owed to its creditors, speculating that that amount would be the minimum it the company would accept from Apple. It seems extremely unlikely that Apple would increase its offer to that level, and so it remains to be seen how the talks and court case will play out.



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