Proview Allegedly Declines Apple's Settlement Offer
Proview - the Chinese company that claims rightful ownership of the iPad moniker - is reportedly unwilling to "play ball" with Apple.
According to China's Beijing Times, Apple pitched a settlement offer to Proview worth 100 million yuan, which amounts to about $16 million dollars. But Proview apparently declined the proposed settlement. This information comes just days after attorneys for Proview admitted publicly that settlement talks with Apple were ongoing.
After a seesaw legal battle that has dragged on for months, Apple remains in no danger of losing the rights to sell the iPad in China (although the new one still isn't on sale there yet). But this reality isn't going to stop Proview from pursuing every legal channel possible to apparently get something more than $16 million out of Apple.
As of this writing, however, there are unconfirmed reports that Apple is actually willing to settle for 400 million yuan (or $63 million). But that claim hasn't been independently verified. What can be confirmed, however, is that Apple and Proview still haven't reach an amicable agreement.
Source: Beijing Times