Avis buying Zipcar in $500 million all-cash deal

NBC News: Car rental company Avis says it will buy car-sharing company Zipcar for about $500 million in cash.

Car sharing has become a popular alternative to traditional rentals in cities and on college campuses, allowing people to use vehicles for quick trips.

Avis Chairman and CEO Ronald Nelson says combining with Zipcar will significantly increase the company’s growth potential. Avis also says bringing its fleet into play will help Zipcar meet high demand on weekends.

Notes

  1. observerherald reblogged this from breakingnews
  2. silenticyriver reblogged this from breakingnews
  3. weusedtothewaiting reblogged this from breakingnews and added:
    This sounds like a steal to me.
  4. kevindrakewriter reblogged this from breakingnews
  5. theycallmegomer reblogged this from breakingnews
  6. sandmtntexan reblogged this from utnereader
  7. weldonkennedy reblogged this from utnereader and added:
    Huh, less than I imagined for something that disruptive
  8. skyler-lambert reblogged this from utnereader
  9. cvolkernick reblogged this from breakingnews and added:
    Woah, I just watched the TED video about this like a couple of days ago..
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