The Verdict is In: Apple Pays Proview $60 Million to Settle iPad Trademark Dispute

Apple has been in court for quite some time now with Proview, the holders of the iPad trademark in China. Earlier this morning, a Guangzhou high court’s official weibo account announced that the case has finally been settled: Apple will pay Proview $60 million for the rights to the iPad trademark in China.

The settlement agreement was apparently signed on June 25, but it is not until today that the Shenzhen court where the case was originally filed made it official by reporting to national trademark authorities that the rights to the “iPad” trademark now belong to Apple.

The case has been bouncing around the courts since 2010, but it really heated up earlier this year when Proview attempted to stop the iPad from being sold in China, and successfully got it removed from a number of popular e-commerce platforms.

[via Sina Tech, h/t to @thats_mandarin]