Google self-driving sibling Waymo demanded a $1B settlement with Uber: report

Google’s autonomous vehicle sibling company Waymo wanted Uber to pay $1 billion in damages and a public apology to settle a legal dispute with the ride-hailing firm, according to a new report.

Sources told Reuters that Waymo also requested that an independent monitor be assigned to make sure that Uber does not use Waymo technology moving forward as a part of the settlement.

Uber reportedly rejected the terms.

{mosads}The two companies have been embroiled in a legal battle over trade secrets after a former Waymo employee allegedly copied tens of thousands of files from the company before leaving and eventually ending up at Uber.

Waymo believes that Uber may have benefited from the files.

U.S. District Judge William Alsup recently delayed the trial until Dec. 4, saying that he does not think Waymo has the evidence it believed it had to win in court.

Uber is now transitioning to new leadership, and CEO Dara Khosrowshahi works to fill many of the leadership roles that went vacant as the company dealt with several scandals over the past year.

A major Uber investor, Benchmark Capital, is in private arbitration with the company’s former CEO, Travis Kalanick, in an attempt to force him to step down from the board.

Tags

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..

 

Main Area Top ↴

Testing Homepage Widget

 

Main Area Middle ↴
Main Area Bottom ↴

Most Popular

Load more

Video

See all Video