The latest reports on the ongoing iPad trademark battle claim that Apple has offered to pay £10 million for the trademark, but Proview has turned Apple down.
Earlier in the week we reported that the iPad trademark lawsuit between Apple and Proview in China could be nearing the end, with the two companies discussing an out-of-court settlement for the case. At the time, the amount of money involved in the settlement had not yet been disclosed.
The latest report from The Next Web that Apple offered 100 million Yuan (about £10 million) for the iPad trademark in China, but Proview refused the offer, and is asking for at least 400 million Yuan (£40 million) to settle the case.
In December 2011, The Shenzhen Municipal Intermediate People's Court in China said that even though Apple had signed a contract for the iPad trademark rights, it had done so only through a subsidiary of Proview in Taiwan. The Shenzhen-based Proview didn't attend any trademark negotiations with Apple, or formally transfer the trademark rights, meaning the contract is not legally binding.
Apple appealed this decision, and threatened to sue Proview for inflaming the dispute and making misleading statements that could damage Apple's business. Proview is still trying to ban Apple from selling its iPad in China, and Apple is facing the prospect of paying millions in fines.
Meanwhile, on 4 May, a Californian judge dismissed Proview's claims against Apple over the iPad trademark in the US.