Uber's new top lawyer, Tony West talked Waymo down from a $500 million payment to $250 million

Business Insider | 2/9/2018 | Julie Bort
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Waymo's settlement demands went from $1 billion last year, to $500 million this week to $250 million in stock.

Uber's new top lawyer hired by its new CEO is being hailed internally as the master of this deal.

Uber - Waymo - Hundreds - Millions - Stock

Even though Uber paid Waymo hundreds of millions in stock, Uber's top executives and board views this settlement as a big win internally, a source says.

The top brass inside Uber are thrilled with the performance of Uber's new top lawyer Tony West. He was the key person who negotiated a deal with Waymo that ended an ugly lawsuit.

Friday - Days - Case - Court - Sides

On Friday, a few days after the case had gone to court, both sides agreed on a settlement. Waymo asked for $1 billion in settlement talks last year. Uber's executives and boards rejected that.

Once the trial began, Waymo offered a settlement price of $500 million. Uber's board rejected that deal, too, a person familiar with the matter told Business Insider.

West - Waymo - Counsel - Counter - Board

And it was West who worked with Waymo's general counsel to craft a counter offer the board would swallow:...
(Excerpt) Read more at: Business Insider
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