Proview didn't have much luck taking Apple to court in the US, but the iPad trademark saga looks to have come to an end in China — Apple has reportedly paid Proview $60 million for the rights to use the iPad name. A Chinese court found in Proview's favor last year, resulting in the seizure of iPads and a potential deadlock over sales of the tablet in the country, but the two parties have now agreed to settle. A lawyer for Proview told the AP that the company had hoped for up to $400 million, but that the resulting settlement was "acceptable to both sides."
The Guangdong High People's court released a statement saying "The iPad dispute resolution is ended, Apple Inc. has transferred $60 million to the account of the Guangdong High Court...
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