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How Gett-Juno Deal Could Shake Up NY’s Ride-Hailing Market

Europe-focused ride-hailing firm Gett strengthened a foothold in the U.S. with last week’s $200 million all-stock acquisition of New York ride-sharing firm Juno. Now, the firm sees a U.S. expansion beyond New York on the horizon, according to Gett CEO Dave Waiser.

“History shows there’s room for three or four national players in a big market” like the U.S., similar to the telecom industry, Mr. Waiser told The Information in his first extended interview since the deal. Along with U.S. ride-sharing rival Lyft, the combined Gett and Juno are challenging Uber’s early thesis that ride-sharing would essentially be a winner-take-all market.

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Gett has 1,200 employees globally and handles 10 million rides per month. Juno has about 200 employees and will take over as the combined company’s main brand in the U.S.

—Mike Sullivan contributed to this article.

Ran Raichman and Harry Campbell commented on this article.
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