Alphabet

Uber may have to pay Waymo over autonomous driving tech

(Reuters) — Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet unit.

While it was unclear by when the company needed to decide on its next move in the blockbuster trade secrets dispute, Uber, in a quarterly securities filing on Tuesday, said that a detour in its software development “could limit or delay our production of autonomous vehicle technologies.”

Uber has been racing to catch up to Waymo in the development

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Google to acquire Fitbit for $2.1 billion

The rumors were true — Google is acquiring fitness wearables company Fitbit in a deal worth $2.1 billion, a 30% premium on Fitbit’s current market cap.

Fitbit’s shares have tumbled since its 2015 IPO, going from a high of nearly $50 to a low of less than $3 this year. In the wake of reports this week that Alphabet was preparing a bid, Fitbit’s shares surged more than 40% to over $6. Google will pay $7.35 per share in an all-cash transaction that is expected to close in 2020, pending both shareholder and regulatory approval.

With Fitbit under its

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