Waymo and Uber Settle

After five days in court the two sides in the Waymo vs. Uber lawsuit have to the surprise of many in the court room decided to settle. As a result, Uber agrees not use Waymo’s technology and to pay out a $235 million dollar settlement in the form of a 0.34 percent equity stake in Uber, worth roughly $245 million – along way from the $1 billion originally sought. That means Waymo is invested in Uber’s future – go figure. Keep your friends close and your enemies closer.

Uber continues to maintain that its sensors are unique and that it has not used any of Waymo’s trade secrets. The judge dismissed the case calling it “ancient history.” Uber sees it as a big win as it clears the air for the upcoming public offering.

 

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