Apple pays Proview $60m for iPad trademark

Apple has settled its iPad trademark suit with Proview, agreeing to a $60m pay-out in order to use the iPad name for its tablet in China. "The iPad dispute resolution is ended," the Guangdong High People's Court confirmed in a statement. "Apple Inc. has transferred $60m to the account of the Guangdong High Court as requested in the mediation letter." Proview had argued that Apple's apparent purchase of the iPad trademark back in 2009 was not legally valid.