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The legal battle between two of the biggest tech titans is finally over. The attorney representing Waymo, the self-driving car company spun out of Google, settled its court case with ride-hailing giant Uber recently.
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 ensure Waymo’s hardware and software are not incorporated in Uber’s systems.
The decision comes after less than a week in the courtroom, where Uber cofounder and former CEO Travis Kalanick his first public appearance since being ousted from Uber in June 2017.
Uber’s current CEO Dara Khosrowshahi apologized to Waymo in a statement released shortly after the ruling.
Meanwhile, Kalanick’s statement had a touch of arrogance, confident that Uber would have won the case and bullish on his company’s future.