Uber rejected $500m settlement with Waymo before reaching deal

Uber
The Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London, Britain October 28, 2016. REUTERS

Alphabet Inc’s Waymo early this week proposed a settlement deal with Uber Technologies Inc 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.

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