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Stunner: Google and Uber settle for $245 million stake

Illustration: Rebecca Zisser / Axios

Waymo, the self-driving car unit of Google parent Alphabet, stunned a packed courtroom this morning by announcing that it and Uber have settled their legal dispute.

As part of the agreement, Waymo will receive around $244.8 million worth of stock in Uber (i.e., 0.34% stake at a $72 billion valuation) and a pledge not to incorporate Waymo's trade secrets into its own technology.