“Apple wants to pay Proview to put an end to their iPad trademark fight. But the price tag remains a sticking point,” Lance Whitney reports for CNET.
“Apple has offered to pay Proview $16 million for the rights to the iPad name in China. But Proview is reportedly looking for a lot more, according to a report from Chinese site Sina.com picked up from the Beijing Times. Citing a ‘source close to the negotiations,’ the Times said that Apple’s offer was rejected by Proview earlier this week,” Whitney reports. “Struggling to stay afloat after going bankrupt, Proview is in quick need of cash, and lots of it… In total, Proview owes around $400 million to its creditors, though there seems to be confusion over whether that number is 400 million in U.S. dollars or 400 million in Chinese yuan ($64 million).”
Read more in the full article here.
MacDailyNews Take: Apple already paid Proview for the right to use “iPad” in China. We wouldn’t give the desperate extortionists 16-cents.
WWSD? Likely he’d tell ’em to go pound sand.
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Proview lawyer hopes Apple makes contact for iPad trademark settlement – March 1, 2012
China higher court hears Apple’s iPad trademark appeal – February 29, 2012
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Proview sues Apple in the US, mass hilarity ensues – February 24, 2012
Proview files lawsuit in California against Apple over iPad trademark – February 24, 2012
Chinese court says Apple can continue selling iPads in Shanghai – February 23, 2012