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Apple Pays Proview $60m to Resolve IPad Trademark Dispute

Apple Inc., the world’s most valuable company, paid $60 million to settle a two-year-old legal dispute with Proview International Holdings Ltd. regarding the iPad trademark in China.

The terms of the settlement agreement were reached on June 25 and Apple has transferred the funds as agreed, the Higher People’s Court of Guangdong Province announced in a statement on its website today.