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Apple Settles With Chinese Company Over iPad Trademark Rights For $60 Mil
Posted: 02-Jul-2012 [Source: ABC]

[Apple to pay Proview Electronics $60 million to settle the dispute over the "iPad" name in China. In the world of Apple not a significant amount as the company makes that much in approximately three hours and twenty minutes.]

(ABC) -- "$60 million dollars and two years later, on Monday it was announced that Apple finally settled its two-year legal battle with Proview International for ownership of the “iPad” name in China."

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