auto sale

Zipcar Independent No More: Avis to Acquire Car-Sharing Company for $500 Million

Zipcars Available in New York City

When Betabeat thinks of rental car companies, we think of long lines, oil-stained garages and exorbitantly-priced insurance that we don’t really need. (Do we?) When we think of car-sharing companies, we think of gleaming new Prius’s and smart technology. Which might be one good reason why Avis Budget Group agreed to acquire Zipcar for $500 million in a deal announced earlier this morning. Read More