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by burner890
3053 days ago
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You do toss someone a couple hundred million in private equity for an immediate end to the damage to the company's brand, legal fees and recruiting efforts. If Uber was in any real jeopardy of being found liable here they would have settled for far more. We know this because if Uber lost the case outright they would face an injunction against their self-driving business that would probably force them to license Waymo tech or put an end to the whole endeavor. Uber ATG is worth a lot more than what they paid in equity, and this is not an amount that matters at all to Google. The dollar figure is just there so Google can say they didn't come away with nothing. |
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The settlement wasn't just for money, it also barred Uber from use of some of the disputed trade secrets/technology, which could be valuable for Google. Given that Uber hasn't monetized the technology yet, it would be hard to prove any damages. The outcome of a trial could have been a similar amount and an injunction and still been a big win for Google if the future self driving market is really going to be big and if the covered technology really was crucial.