Car-share pioneer Zipcar goes to Avis for $500 million
Photo Credit: Flickr.com / RJ Schmidt
Skift Take
Hertz already has its own Hertz Connect program, but Zipcar has become the go-to name for car-sharing and should catapult Avis ahead of its rival.
Zipcar’s board agreed to a bid of $12.25 a share, the Parsippany, New Jersey-based Avis Budget’s said today in a statement. The offer, which has been accepted by holders of 32 percent
