Uber and Waymo Settle Trade Secrets Suit Over Driverless-Car Technology

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Travis Kalanick, the former chief executive of Uber, leaving Federal District Court in San Francisco this week after testifying in the trial pitting the ride-hailing company against Waymo, the driverless car unit of Google’s parent company, Alphabet.

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Jeff Chiu/Associated Press

SAN FRANCISCO — Waymo and Uber settled their legal fight on Friday, nearly a year after Waymo first accused the ride-hailing company of plotting to steal important self-driving car technology.

After four days of arguments in Federal District Court here, Uber agreed to provide Waymo with 0.34 percent of its stock. Uber is now valued at about $72 billion, which works out to about $240 million, according to Waymo.

Waymo, the self-driving car unit spun out of Google’s parent company, Alphabet, argued that Uber had colluded with a former Google engineer to steal technology related to laser-based sensors, a key component in self-driving cars. Uber said it had developed its technology on its own.

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Via NY Times

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