Axar.az
UP
19 October 2018


Uber rejected $500 million settlement with Waymo

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Alphabet Inc’s (GOOGL.O) Waymo early this week proposed a settlement deal with Uber Technologies Inc [UBER.UL] in which Uber would pay $500 million in equity to resolve a high-stakes trade-secrets case, but Uber directors rejected the offer in a board meeting on Tuesday, according to two sources close to the discussions.

Axar.az reports citing Reuters.

Following four days of testimony in the trial, which included hours of testimony from former Uber Chief Executive Officer Travis Kalanick, the two companies reached a settlement late Thursday. Waymo agreed to a deal of $245 million in Uber equity.

Waymo claimed damages worth $1.9 billion in the trial.

Date
2018.02.09 / 23:44
Author
Axar.az
Comments
See also

Star refinery to contribute to industry development

Dollar rate in Turkey may decline to TRY 5.15

ACG produces 3.5 billion barrels of oil so far

China grows at slowest pace since 2009

Azerbaijani currency rates for today

Azerbaijani oil price drops slightly

SOCAR's STAR in İzmir to be inaugurated today

Azerbaijani oil price continues to fall

Azerbaijani currency rates for today

North Korea may become World Bank member

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla