Axar.az
UP
25 May 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

Netflix surpasses Disney in market value

Erdogan discloses one of 140 megaprojects of ruling party

Armenia is the poorest in region

Azerbaijan issues 200 AZN banknotes

Trump: U.S.-China trade deal 'too hard to get done'

Ilham Aliyev has issued an order

Bakcell takes part in career fair

Germany expresses support for Nord Stream-2 project

Canada's Trudeau says feeling positive about NAFTA talks

EAEU, Iran sign provisional deal to create free trade zone

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