Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million
Green Car Congress
JANUARY 2, 2013
Rental car company Avis Budget Group, Inc. Founded in 2000, Zipcar operates the largest member-based, car sharing network in the world. Nelson, Avis Budget Group chairman and CEO. Avis Budget Group expects to fund the purchase price primarily with incremental corporate debt borrowings, as well as available cash.
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