Uber and Waymo reach settlement (Forbes)

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Forbes reported Uber and Waymo, Alphabet’s self-driving company, stunned a courtroom on Friday when the parties announced they had reached a settlement in a lawsuit alleging Uber stole trade secrets from Waymo. As part of the agreement, Uber will give Waymo an equity payout of 0.34% of its Series G shares, valued today at around $245 million, but no cash. Uber’s new CEO, Dara Khosrowshahi, in a statement today said he had “regret” for the actions that brought Uber to the point of this settlement and that part of his job was acknowledging and correcting mistakes of the past.

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