- Uber (UBER) settles its trade secret legal battle with Alphabet’s (GOOG, GOOGL) self-driving car unit Waymo, according to CNBC.
- Terms of the settlement currently unknown.
- The trial started Monday and brought Uber's former CEO Travis Kalanick to the stand.
- Update: The settlement was for $244.8M that Uber will pay in cash. The ride-hailing company also promised not to use any Waymo trade secrets in its technology.
- Waymo and Uber both have statements but Judge William Alsup sums things up: "This case is now ancient history."