You are here: Home » International » News » Companies
Business Standard

Alphabet's Waymo demands $1 billion in settlement talks with Uber: Sources

Waymo's tough negotiating stance reflects the company's confidence in its legal position

Reuters  |  San Francisco 

Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo technology in the future, the sources said. Uber rejected those terms as non-starters, said the sources, who were not authorised to publicly discuss settlement talks. The precise dollar amount requested by ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, October 12 2017. 13:51 IST