Uber settles with Waymo over allegations of stolen trade secrets

The case between Uber and Waymo is over, and Uber is settling with Waymo over claims that the former stole trade secrets. The payout is a 0.34 percent equity stake in Uber to Waymo which totals around $245 million, according to CNBC. Waymo's accusation was that Uber stole trade secrets (some 14,000 files, allegedly) after engineer Anthony Levandowski left Uber to start Otto, the self-driving truck company that was then purchased by Uber in 2016 for $680 million. Levandowski was last on the witness list today, when Lidar and lasers were to be discussed, making the settlement announcement's timing all the more suspect. In a statement, Uber's new CEO, Dara Khosrowshahi apologized, saying that his company's acquisition (under previous leadership) "should have been handled differently."