Gallery: Avis to Buy Car Sharing Service Zipcar In Deal Worth Nearly $5...

 

Avis Budget Group Inc. has announced its intent to buy Zipcar Inc, the world’s leading car sharing network, for around $500 million, expanding on their existing car rental services. Avis will pay $12.25 per share, which is a 49 percent premium to Zipcar’s Friday closing price. If Zipcar shareholders approve it, the sale is expected to go through in the spring.

Read the rest of this entry »

LEAVE A COMMENT

or your inhabitat account below



get the free Inhabitat newsletter

Submit this form
popular today
all time
most commented
more popular stories >
more popular stories >
more popular stories >
Federated Media Publishing - Home