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Apple, Proview battling over price to settle iPad trademark fight (Albuquerque Journal)
(Credit: Apple) Apple wants to pay Proview to put an end to their iPad trademark fight. But the price tag remains a sticking point. 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 (English translation) 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. Struggling to stay afloat after going bankrupt, Proview is in quick need of cash, and lots of it. Proview's creditors, several of which are Chinese banks, are banging at the door all trying to get their piece of the pie. Taiwan-based Fubon Insurance alone wants $8.68 million in outstanding debt and recently filed an application to have Proview's assets liquidated. In total, Proview owes around $400 million to its creditors, th... [Read more] **Related Links:** Apple ready to settle in 'iPad' trademark dispute? In Proview 'iPad' case, China court eyes settlement China bureaucrat: iPad trademark belongs to Proview Proview's suit against Apple in California tossed Apple, Samsung ordered to reduce size of patent case
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