Apple reportedly offered Proview $16 million to settle the companies’ ongoing legal dispute over the iPad name, but Proview rejected the offer, Chinese website Sina reported. The cash-strapped company is instead looking for $400 million dollars in an attempt to appease numerous creditors, eight of which are China-based banks. Proview originally threatened to sue Apple in United States for $2 billion, but a California judge tossed out the suit, instead encouraging the companies to reach a settlement. The two companies have been locked in a high-profile legal dispute over whether or not Apple has the right to use the iPad name. The Cupertino-based company maintains that it licensed the trademark from Proview in 2009, however the Chinese company claims the transaction in question is invalid.

[Via The Next Web]

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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.