Uber faces $1bn dam­ages suit

The Star Late Edition - - BUSINE SSREPORT -

AL­PHA­BET’S Waymo is seek­ing at least $1 bil­lion (R13.52bn) in dam­ages and a pub­lic apol­ogy from Uber as con­di­tions for set­tling its high­pro­file trade se­cret law­suit against the ride-ser­vices com­pany, sources fa­mil­iar with the pro­posal say. The Waymo self-driv­ing car unit also asked that an in­de­pen­dent mon­i­tor be ap­pointed to en­sure Uber did not use Waymo tech­nol­ogy in the fu­ture, the sources said. Uber re­jected those terms as non-starters, said the sources. The pre­cise dol­lar amount re­quested by Waymo and the ex­act time the of­fer was made could not be es­tab­lished. – Reuters EU

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