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Uber settles its self-driving car suit with Google. The price: a chunk of Uber

SAN FRANCISCO – In a sudden end to an increasingly bitter public skirmish over self-driving car trade secrets, Uber settled a lawsuit Friday brought by Waymo, Google's self-driving car company, giving up a stake to its rival. As the fifth day of a trial was set to begin, Waymo announced the news in court. According to the terms of the settlement, it will receive 0.34% of Uber's equity at an earlier valuation high of $72 billion, which comes to about $245 million. Japanese investment firm SoftBank and other partners recently took a large stake in Uber but at a new valuation closer to $50 billion. Google had been an early investor in Uber with a seat on its board. It brought the lawsuit a year ago. The deal follows a week of testim ...