RT @TheNextWeb: Vehicle rental giant Avis acquires...

Published by Startup Hive

RT @TheNextWeb: Vehicle rental giant Avis acquires car sharing company Zipcar for $500 million http://t.co/gppYjbeZ by @robinwauters
Startup Hive (@StartupHive)January 03, 2013

Vehicle rental giant Avis acquires car sharing company Zipcar for $500 million

Happy New Year, and welcome to the ongoing rise of the sharing economy. Vehicle rental services company Avis Budget Group (Avis) today announced that it has agreed to acquire car sharing network Zipcar for $12.25 per share, or approximately $500 million, in cash.

http://tnw.to/n0ZEV

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