Uber Agrees to Pay Waymo $245 Million in Equity to Settle Suit

• Deal comes after days of testimony in San Francisco trial • Ride-hailing giant accused of using stolen driverless car data

Uber Technologies Inc. agreed to give about $245 million in stock to settle the high-stakes trade-secret theft lawsuit brought by Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company.

That will give the Alphabet Inc. driverless-car unit 0.34 percent of Uber equity, Waymo said. Tony West, Uber’s general counsel, declined to comment on the settlement.

The court showdown captivated Silicon Valley during a year in which Uber weathered ...