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.