Avis to Acquire Car-Sharing Service Zipcar for $491 Million : News Photo

Avis to Acquire Car-Sharing Service Zipcar for $491 Million

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Bloomberg / Contributor
An Audi AG Zipcar Inc. vehicle sits parked in one of the company's spaces in Washington, D.C., U.S., on Wednesday, Jan. 2, 2013. Avis Budget Group Inc., once a skeptic about car sharing services, agreed to buy short-term rental pioneer Zipcar for $491 million, signaling a shift in the industry to embracing drivers who don’t want to own cars. Photographer: Andrew Harrer/Bloomberg via Getty Images
Caption:
An Audi AG Zipcar Inc. vehicle sits parked in one of the company's spaces in Washington, D.C., U.S., on Wednesday, Jan. 2, 2013. Avis Budget Group Inc., once a skeptic about car sharing services, agreed to buy short-term rental pioneer Zipcar for $491 million, signaling a shift in the industry to embracing drivers who don’t want to own cars. Photographer: Andrew Harrer/Bloomberg via Getty Images
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Date created:
January 02, 2013
Editorial #:
158874760
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Contact your local office for all commercial or promotional uses.For editorial use only. Additional clearance required for commercial or promotional use, contact your local office for assistance. Any commercial or promotional use of Bloomberg content requires Bloomberg's prior written consent.
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Collection:
Bloomberg
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3,000 x 2,001 px (41.67 x 27.79 in) - 72 dpi - 1.2 MB
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Not released.More information
Source:
Bloomberg
Object name:
AVIS ZIPCAR

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An Audi AG Zipcar Inc vehicle sits parked in one of the company's... News Photo 158874760Audi,Business,Car,Car Rental,Commercial Activity,Finance,Horizontal,Land Vehicle,Mergers and Acquisitions,Mode of Transport,North America,Rent,Sitting,Space,Stationary,The Americas,Transportation,USA,Washington DCPhotographer Collection: Bloomberg 2012 BloombergAn Audi AG Zipcar Inc. vehicle sits parked in one of the company's spaces in Washington, D.C., U.S., on Wednesday, Jan. 2, 2013. Avis Budget Group Inc., once a skeptic about car sharing services, agreed to buy short-term rental pioneer Zipcar for $491 million, signaling a shift in the industry to embracing drivers who don’t want to own cars. Photographer: Andrew Harrer/Bloomberg via Getty Images