Apple has settled a thorny trademark case in China, where it was impossible to produce and import the iPad – until now.
For $60 million dollars, Apple acquired the mark from the Chinese company Proview Technology; this gives Apple the green light to proceed with mass exporting of the iPad to China.
Proview wanted $400 million and Apple initially offered a paltry $16 million dollars.
The Apple stock is thus expected to jump considerably today Monday.
Meanwhile, Apple still does not own the domain name iPad.com. Would a few million dollars suffice?