Uber and Waymo just reached a $245 million settlement

The legal battle between two of the biggest tech titans is finally over — at least for now.

The attorney representing Waymo, the self-driving car company spun out of Google, settled its court case with ride-hailing giant Uber on Friday. 

Google’s parent company, Alphabet, is set to receive 0.34 percent of Uber’s equity at a $72 billion valuation as part of the agreement.

The highly-anticipated trial, which started this week, involved Uber allegedly stealing trade secrets from Alphabet by hiring former employee Anthony Levandowski. As part of the settlement, Uber has agreed to work with Waymo so that certain software is credited to Google and not incorporated in Uber’s systems. Read more…

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