Apple offers to settle with Chinese iPad trademark holder

Bloomberg News:

Proview Technology (Shenzhen) Co. said a “big gap” remains with Apple Inc. (AAPL) after the U.S. company offered compensation to settle their dispute over ownership of the iPad trademark in China. Apple proposed an amount of money to resolve the legal case as part of the mediation process being directed by the Higher People’s Court of Guangdong, Roger Xie, a lawyer for Proview, said by phone today. He declined to disclose the amount or when Apple made the offer.

Apple is in the midst of the trademark dispute after Proview, based in Shenzhen, said that it only paid Proview’s Taiwanese subsidiary to license the iPad marque, not the parent company.