For a long time, Waymo and Uber have been part of a legal battle over former Google employee Anthony Levandowski to find out if he brought trade secrets to Uber. However, earlier today, both companies have announced that they have reached a settlement agreement.
According to statements released by both companies, Uber won’t be incorporating Waymo’s confidential IP into its products. In addition to this, the company will be required to pay Google a settlement fee which includes 0.34% of Uber equity.
In an official blog post,Uber CEO Dara Khosrowshahi mentioned that the company should have addressed the matter differently. He wrote, “To our friends at Alphabet: we are partners, you are an important investor in Uber, and we share a deep belief in the power of technology to change people’s lives for the better. Of course, we are also competitors. And while we won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have been handled differently.”
He added that no trade secrets had made their way from Waymo to Uber as he pointed out that Uber hasn’t used any of Waymo’s proprietary information in its self-driving technology.