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Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate

81 pointsby anguswithgustoabout 8 years ago

10 comments

yeukhonabout 8 years ago
I prefer Gett for long commute. It gives you a firm quote so if your Uber&#x2F;Lyft&#x2F;Juno driver messed up enroute or there&#x27;s a traffic, you don&#x27;t pay the extra. From a user&#x27;s perspective, this saves me money. I would take Gett to Barclay Center knowing Uber and Lyft would charge me high premium after game. Or trip from Manhattan back to Queens. There&#x27;s also an option to make extra stop which is nice! Gett cars are the regular black SUV cars so much more comfortable.<p>This acquisition is nothing but acquiring users (although Junos has fewer drivers so fewer active users) and talents, as Gett itself can already do what Juno and other rider-service apps can do. I wonder if they will continue to run Juno as a standalone app like Seamless and Grubhub but share the same user database. I still wonder why Seamless and Grubhub can&#x27;t shut down one of them, this seems like a marketing tactic than anything else, creating a diversion that there are other players in the market. Who knows, maybe there&#x27;s tax advantage.
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slap_shotabout 8 years ago
Juno pledged to give away 50% of the founding shares to drivers via RSUs over a 10 year period [0]. I wonder how units many were issued, if they had accelerated vesting upon an acquisition, and if so, what drivers actually got in the transaction.<p>[0] <a href="https:&#x2F;&#x2F;gojuno.com&#x2F;drive&#x2F;meet&#x2F;" rel="nofollow">https:&#x2F;&#x2F;gojuno.com&#x2F;drive&#x2F;meet&#x2F;</a> Over a period of ten years, we intend to distribute to drivers a number of RSUs that would give drivers the same ownership interest as our founders upon an IPO or sale assuming all such RSUs vest.
avipabout 8 years ago
The headlines I see in Hebrew (both Gett and Juno&#x27;s founders are Israelis) are somewhat more low-key: the undisclosed price tag is estimated at &quot;few tens of millions&quot;, to be paid in shares of privately held Gett.
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peternickyabout 8 years ago
Been using Gett in NYC with excellent results. Car availability is hard to beat, even during peak hours and the special flat $10 rate in manhattan is quite the deal. Never tried Juno but will check it out.
curiousDogabout 8 years ago
The more the merrier. At this point, I&#x27;d hate for Uber to have a monopoly in this market.
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nathanvanfleetabout 8 years ago
Wait, the article says that if Gett and Juno combine they&#x27;d beat Lyft? It doesn&#x27;t look like they are even close to Lyft&#x27;s size...
colecaabout 8 years ago
Am I the only one that was wondering why the dialup ISP Juno.com was considered a rival to Uber? Guess it&#x27;s a different Juno..<p>TIL Juno.com still offers dial-up for $15.95&#x2F;mo. Gone are the days of free dial-up with obnoxious banner ads.
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skdotdanabout 8 years ago
Instead of burning cash by subsidizing travels, Uber could have just bought some competitors but still... The only chance Uber has is becoming a monopoly, and I don&#x27;t see how they can achieve it.
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doucheabout 8 years ago
So I assume these must be rival alt-taxi companies, but I have never heard a whisper of their existence before this story.<p>Uber, despite the seemingly coordinated smear campaign, reigns supreme in this area.
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CaliforniaKarlabout 8 years ago
Something about this headline interests me, along with the title that appears here on HN:<p>Article: &quot;Gett in advanced talks to buy Juno for $250M as Uber rivals consolidate&quot;<p>HN: &quot;Ubser rivals consolidating: Gett to buy Juno for $250M&quot;<p>I wonder if the HN headline is as-submitted or mod-ified.<p>The latter title leans much more on the Uber link, while TC&#x27;s headline puts it at the end.<p>If we didn&#x27;t have all of Uber scandal stuff going on, I wonder which title would&#x27;ve been submitted to HN:<p>&quot;Uber rivals scrambling as Gett buys Juno for $250M&quot;, maybe?<p>Here&#x27;s a fun query to run: Pull HN submissions and go back to the linked articles. Pull those headlines, and then remove ones too long for HN&#x27;s length limit.<p>Of the remaining headlines, normalize and see how many HN posts modified the title in some way.
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