On Friday Uber settled its lawsuit with Google spinoff Waymo on what look to be extremely favorable terms. Uber was able to exit a suit that posed a potentially existential threat to its business without having to pay out any of its dwindling supply of cash. The company can also continue pushing into self-driving cars.
What's more, the monetary value of the settlement was almost certainly worth significantly less than the two sides suggested. The move helps clear the path for the app-based taxi company's long-awaited initial public offering.
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