Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million
Green Car Congress
JANUARY 2, 2013
Founded in 2000, Zipcar operates the largest member-based, car sharing network in the world. In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs.
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