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

Keywords

An Audi AG Zipcar Inc. vehicle sits parked in one of the company's... News PhotoAudi,Business,Car,Car Rental,Commercial Activity,Finance,Horizontal,Land Vehicle,Mergers and Acquisitions,Mode of Transport,North America,Sitting,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