January 02, 2013 at 13:11 PM EST
Avis Drives Deal for Car-share Firm ZipCar
Car rental giant Avis is to buy car-sharing firm ZipCar for $491 million, the companies said Wednesday in a major boost for the fast growing car-share market. ZipCar allows members to rent cars by the hour using computer log-ins and smartphone apps to bypass traditional rental counters and is popular in urban areas and on college campuses....
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