Overview
- Lyft announced Thursday it will buy Gett’s UK business, with closing expected in the coming weeks pending customary conditions.
- Lyft said the deal will place a majority of TfL-licensed black cab drivers in Greater London on its platform.
- The company expects rides on its London platform to nearly double after Gett joins.
- Gett’s UK team will move into Freenow by Lyft, which inherits long-running corporate and public-sector travel accounts.
- Lyft did not disclose a price and said the deal will not affect Q1 results and will have an immaterial impact on Q2 ahead of May 7 earnings.