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Uber, Waymo Reach Settlement
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9 Feb 2018 08:16 PM EST

Uber and Waymo reached a settlement Friday in a stolen trade-secrets case. The settlement comes just days after the high-stakes jury trial began in federal court. Under settlement terms, Uber will give Waymo an equity stake worth $245 million. Waymo, which accused Uber of using its self-driving car secrets, was seeking damages of $1.9 billion. Uber has maintained it did not as has pledged not to use any of Waymo's proprietary information.

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