Gett Nears $1.1 Billion SPAC Merger to Go Public

Gett Nears $1.1 Billion SPAC Merger to Go Public
Taxi app company Gett's CEO Shahar Waiser addresses a press conference launching its new strategic partnership with German carmaker Volkswagen in Berlin on June 1, 2016. / AFP / John MACDOUGALL Photo credit should read JOHN MACDOUGALL/AFP via Getty Images
Benzinga
Updated:

Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp. I, the Wall Street Journal reports.

Gett now aims to streamline the company’s ride-hailing, taxi, and limousine booking options worldwide into one platform to save customers time and money. It initially started as an Uber Technologies competitor.