Apple’s settlement offer rejected by Proview

Apple offered to settle a trademark dispute with Proview, but the offer was rejected for being too low

May 11, 2012
Apple logo colourful

Apple has reportedly offered Proview Technology $16 million (R128.72 million) to settle an ongoing legal dispute between the two companies over the use of the iPad name. However, the offer was rejected for being too low.

Proview is instead seeking damages to the tune of $400 million (R3.22 billion), which it will use to appease creditors that have helped keep the cash-strapped company afloat during a difficult financial time.

Proview originally planned to sue Apple in the United States for $2 billion (R16.09 billion), but a Californian judge rejected the lawsuit, and encouraged the companies to reach a settlement.

Apple claims it licensed the trademark from Proview in 2009; however, the Chinese company claims the transaction was invalid due to a number of circumstances.

Read the full story at: Boy Genius Report.

Tags: Apple, Apple ipad, Proview, trademark

Anonymous News Tip
Free Email Newsletter:
Subscribe
X

Anonymous News Tip






Captcha image
Not readable? Change text.

sending

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Do you think Cell C's out of bundle data price increase will hurt the company?

View Results

Loading ... Loading ...

More News

MTN 79c per minute prepaid call rate made permanent

MTN 79c

MTN has announced that its prepaid call rate of 79c per minute on its Pay Per Second price plan has been made permanent

How the DoC plans to give broadband to everyone

Broadband

The Department of Communications has provided an update on the implementation of its “SA Connect” broadband policy and strategy

New Internet TV player seals sports content deal

Digital TV

Discover Digital says it has concluded its first sports content deal in anticipation of the launch of internet TV in South Africa later this year.

iBurst network safe from Icasa: WBS

Icasa wolf

Although the High Court has ruled that Icasa’s seizure of iBurst equipment last year was lawful, WBS says no further disruptions are expected

bool(true)