Uber agrees to pay Waymo $245m equity to settle driverless car suit

Uber CEO Dara Khosrowshahi
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., poses for a photograph following an interview on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 23, 2018. Photographer: Simon Dawson/Bloomberg

Uber Technologies Inc. agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company.

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