Gett Nears $1.1 Billion SPAC Merger to Go Public

Gett is nearing a merger with a special-purpose acquisition company that would take the corporate-transportation platform public with a roughly $1.1 billion valuation, according to people familiar with the matter.

Started more than a decade ago as a ride-hailing competitor to Uber Technologies Inc. and Lyft Inc., Gett now focuses on streamlining a company’s ride-hailing, taxi and limousine booking options around the world into one platform. It says doing so saves customers time and money. Gett now joins with companies such as Lyft and Indian ride-hailing operator Ola to offer many different services.