Zipcar, the popular car sharing service founded by Robin Chase, is getting acquired by Avis Budget Group. Avis has agreed to purchase the company for $12.25 per share, totalling around $500 million. Steve Case, who was one of the earliest investors, holds a 20 percent stake in the car sharing company and will make nearly $100 million on the deal. Source: Zipcar.
One Response to “Zipcar to Be Acquired by Avis”
Leave a Reply