Apple Offered Proview $16 Million For iPad Name [UPDATED]

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HFA Staff
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Apple Inc. (NASDAQ:AAPL) continues to be hounded by patent cases. Some of those cases were begun by themselves, most notably the ongoing proceedings against Samsung, while others have been brought by companies looking to use Intellectual Property law to take a slice of the tech giant’s pie. The most famous of these cases is Proview’s lawsuit against the company. The firm, based in Taiwan, claims the right to the iPad trademark. Reports today suggest that Apple may have offfered the firm $16 million in order to use the trademark in China. Just yesterday it became apparent that Proview’s lawsuit in the…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.