Alphabet lawsuit against Uber cements end of uneasy marriage | Reuters
When Uber Technologies Inc [UBER.UL] was raising venture capital in 2013, it was one of the hottest deals around and no one was more eager to write a check than Bill Maris and David Krane of Google’s venture capital arm.Not everyone at Google Ventures, since renamed GV, agreed. The firm already had an investment in a competitor, Sidecar, and Uber was demanding what then looked like a sky-high valuation.Maris and Krane prevailed, and the deal is now regarded as GVs greatest success. On paper, the firm’s initial 2013 investment of $258 million gained about 14 times its value over the next three years to more than $3.5 billion.But now Alphabet Inc (GOOGL.O), Google’s corporate parent, is suing Uber for theft of trade secrets, alleging that one of the top engineers in its self-driving car program decamped with thousands of confidential files, including designs that helped him start self-driving truck company Otto and then quickly sell it to Uber. Uber denies those claims.
Källa: Alphabet lawsuit against Uber cements end of uneasy marriage | Reuters
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