Uber and Waymo make surprise settlement over claims of stolen trade secrets

Full Article :

BetaNews - https://betanews.com/2018/02/10/uber-waymo-settlement/

Uber has agreed to a settlement with Google’s self-driving technology unit, Waymo, over claims that that the company stole trade secrets during the acquisition of Otto. Google’s parent company, Alphabet, sued Uber a year ago, and now a payment of $245 million has been agreed. The financial settlement to be receive by Waymo includes 0.34 percent of Uber’s equity based on a valuation of $72 billion. Uber CEO, Dara Khosrowshahi, expressed “regret” about the matter, and said he wanted to correct “mistakes of the past.” See also: Uber loses its license to operate in London India hits Google with $21…

Leave a Comment

%d bloggers like this: