facebook
twitter
rss
account
search
search
 

Apple secures iPad trademark in China

July 2, 2012 at 2:09 PM   |   Comments

| License Photo
GUANGZHOU, China, July 2 (UPI) -- A Chinese court confirmed a payment of $60 million from U.S. technology giant Apple that grants it the iPad trademark for China.

Apple had paid about $60,000 to a Chinese firm, Proview Technology, some years ago, The New York Times reported Monday.

The deal covered several Asian countries. But when the iPad was launched in China with great success, Proview sued, saying the agreement with Apple did not cover China.

Proview attorney Xie Xianghui said the two companies had reached an agreement and the court had approved it.

The Chinese company is close to liquidation. The $60 million will be used to pay off some of its creditors, the Times said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
NASA locates resting place of late LADEE probe NASA locates resting place of late LADEE probe
2
Why NASA is watching Ebola Why NASA is watching Ebola
3
New frog species found in New York City New frog species found in New York City
4
SpaceX may soon start landing rockets on a platform after they've left Earth SpaceX may soon start landing rockets on a platform after they've left Earth
5
Psychedelic mushrooms enable a hyperconnected brain Psychedelic mushrooms enable a hyperconnected brain
Trending News
Around the Web
x
Feedback