Uber rejects Waymo’s $1bn settlement demand

SAN FRANCISCO

Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo technology in the future, the sources said. Uber rejected those terms as non-starter, said the sources, who were not authorised to publicly discuss settlement talks. The precise dollar amount requested by Waymo and the exact time the offer was made could not be learnt.