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Uber Settles With Waymo for $245 Million

Company says it "regrets" the issue; promises to use only Uber technology.

by on Feb.09, 2018

Uber CEO Dara Khosrowshahi continues to rehabilitate the company's image.

Uber CEO Dara Khosrowshahi continues to knock down the roadblocks to the ride-sharing company’s progress as the company settled a long-running dispute with rival Waymo over trade secrets.

The company paid $245 million of its own stock to Waymo, the spinoff of Google’s autonomous vehicle business, and an agreement to not use any Waymo-based technology in its development of self-driving vehicles, according to a Reuters report.

The Last Word!

The settlement came as the two sides were about to begin a fifth day in court over the dispute, which has been costing Uber time and money as it looks to rehabilitate its reputation on multiple fronts. (more…)