Kinda sounds like hiring the Hamburglar to guard your Big Mac, but hey…Īccording to Reuters, the real punishment for Uber comes in the form of lost time: putting the company well behind on their plan to compete in the autonomous-driving race. Uber also had to promise to work with Alphabet to ensure no Waymo confidential information will be incorporated into Uber’s technology in the future. The settlement gives Waymo a 0.3% stake in Uber at a $72B valuation. Waymo will receive $244.8m worth of stock in Uber - a real steal compared to the $1B cash settlement Waymo originally proposed last year. In what may be the most over-hyped court proceeding in recent history, Waymo, Alphabet’s self-driving car unit, reached a settlement with Uber on Friday in their legal dispute over trade secrets. Well, that was anticlimactic: Google and Uber settle self-driving car suit for $245m stake
They’re settling with Uber for $245m in stock after just 5 days of duking it out.īrought to you by BloomThat… Valentine’s Day delight, delivered.
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