Avis buys Zipcar for $500 million in an effort to control car-sharing market
Car-sharing firm Zipcar, which operates a by-the-hour rental service in the US, Canada, UK, and Spain, has agreed to be purchased by Avis for $500 million. Zipcar began business in 2000 in Boston, MA, and has expanded to cover a number of major cities throughout the US and Canada
  • Camera: Canon EOS DIGITAL REBEL XTi
  • Aperture: f/14
  • Exposure: 1/400th
  • Focal Length: 53mm

Avis buys Zipcar for $500 million in an effort to control car-sharing market

Car-sharing firm Zipcar, which operates a by-the-hour rental service in the US, Canada, UK, and Spain, has agreed to be purchased by Avis for $500 million. Zipcar began business in 2000 in Boston, MA, and has expanded to cover a number of major cities throughout the US and Canada