Avis Buys Zipcar For $500 Million

January 9, 2013 10:36 AM
Avis Buys Zipcar For $500 Million
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Monday, January 07, 2013 by The Huffington Post

Avis Buys Zipcar and Enters Subscription Economy

On Wednesday, Avis Budget Group announced it would be purchasing car sharing service Zipcar for nearly $500m, (£307m). To many, this purchase was only a matter of time. Five years ago, we saw the writing on the wall: from the rise of Salesforce to the ...

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Wednesday, January 02, 2013 by Reuters

Avis to buy Zipcar as slow economy boosts car-share business

(Reuters) - Car rental company Avis Budget Group Inc (CAR.O) will buy Zipcar Inc (ZIP.O) for about $500 million to take the top spot in the fast-growing U.S. car-sharing market, racing past larger rivals Hertz Global Holdings Inc (HTZ.N) and Enterprise ...

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Thursday, January 03, 2013 by New York Times Blogs

Daily Report: Avis Also Buys Zipcar Ethos

The $500 million acquisition of Zipcar by the Avis Budget Group represents a perhaps inevitable evolution for a company that has been more successful as a collectivist concept than as a profit-making venture, Andrew Martin reports in The New York Times.

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Sunday, January 06, 2013 by betaol

Avis' Zipcar Buy Illustrates These Three Companies' Strengths

Eric is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited. Car ownership and the traditional car rental model can leave a renter paying for a car while it sits in the garage.

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