This Car-Sharing Thing May Be Catching On: Avis Buys Zipcar For $500 Million

[NewsBot]

If mergers and acquisitions are any indication of future trends, it looks like the car-sharing sector could be on track for massive growth. That's because one of America's biggest rental companies, Avis, has just agreed to purchase America's foremost car-sharing service, Zipcar, for the sum of $500 million. According to a report in the Wall Street...


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