Apple settles iPad ownership case for £38m

AppleApple has agreed to pay a local company 60 million US dollars (£38 million) to settle a dispute over ownership of the iPad name, a Chinese court said.

The Guangdong High People's Court said that Apple and Proview Technology reached the settlement through mediation, which ended the legal case.
Apple says it bought global rights to the iPad name from Proview in 2009 but Chinese authorities say ownership in China was never transferred.

The settlement ends a potential legal complication to selling the popular iPad in China, one of Apple's most important markets.

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