Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO — Less than a week into their blockbuster trade secret showdown, Waymo and Uber have settled their dispute over driverless car technology.

The parties announced they reached an agreement Friday morning as jaws dropped in a half-full courtroom, on what was set to be a technology-heavy fifth day of trial before U.S. District Judge William Alsup of the Northern District of California.

According to a statement from Waymo, the settlement includes a payment from Uber that includes 0.34 percent of Uber equity—or about $244.8 million in stock based on a $72 billion valuation. Reuters previously reported that Waymo demanded $1 billion in settlement talks last year and had asked Uber for an apology. On Friday, Uber CEO Dara Khosrowshahi expressed “regrets” in a prepared statement, but stopped short of a full-blown apology.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Ross Todd

Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected] On Twitter: @Ross_Todd.

More from this author

Caroline Spiezio

Caroline covers the intersection of tech and law for Corporate Counsel. She's based in San Francisco. Find her on Twitter @CarolineSpiezio.

More from this author

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.