I think, basically, Uber will pay some $$$ to make the lawsuit go away and "license" Waymo's tech (which they already had, courtesy Mr. Lewandowski, but now will legally have it).
I agree. Google doesn't want a license agreement. As pointed out below, yes, there is investment, but I think Google/Alphabet is out for blood and the investment dollars will be recouped in the civil settlement if not the arbitration with Levandowski.
Either way, I don't think Google cares. They want to be first on the market. And based on how badly Uber has been flouting the law, I suspect Google gets there first no matter what. This just slows Uber down.
It won't matter though. Money will change hands. And that's about it. Google/Alphabet/Waymo/Lyft will be first to market in a pretty shitty way, followed by Uber. The tech world and early adopters will go nuts and in this case probably die in a fire. Then Apple and Tesla will come in with a far superior safety/user experience and take over.
None of this really matters at this point. It's a waiting game. This is what Apple always does and what Tesla has started doing: wait for the early entries in the market to do their thing, learn from their mistakes, and pwn the market later with better UX and marketing.
Yeah, doesn't Google have something like a 6.7% stake in Uber? Even with share diluation by half, at a $60bn valuation that's still $2bn. Do we really think Google can win much more than $2bn in this Waymo lawsuit?