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Wednesday: January 2, 2013

Avis acquires Zipcar for a mere $500 million.Avis acquires Zipcar for a mere $500 million.

Avis says it expects to generate $50 to $70 million in ‘annual synergies’ as a result of the deal. FYI: The company booked $7.3 billion in revenue for the full year 2012, and employs roughly 29,000 employees today. The transaction is expected to close in the spring of 2013.

Posted to Weekdaily filed in Interesting @ 10:20 AM | Tags (7) | rental | avis | acquisition | car | sharing | zipcar | thenextweb |  | Discuss (0) |  | facebook | twitter | 3 Clicks | Posted by Vin


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