11 years ago
2
Avis buys Zipcar for 500 million
Car rental company Avis Budget Group Inc said it will buy Zipcar Inc for about $500 million in cash to enter the fast-growing U.S. car-sharing market.The offer of $12.25 per share is at a
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I took a look at the prices on Zipcar, and most cars are over $100 per day. That's way too much to rent a car for a day.
Its weird, because they say its car sharing, which means that you have to have a bigger stake into this company than just a 100 dollar daily fee.