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Avis To Purchase Zipcar For $500 Million

by Tom Kludt

01.02.13 | 1:29 am

The car rental company Avis on Wednesday announced that it will acquire the automobile-sharing company Zipcar for $500 million, Reuters reports.

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Tom Kludt Tom Kludt is a reporter for Talking Points Memo based in New York City, covering media and national affairs. Originally from South Dakota, Tom joined TPM as an intern in late-2011 and became a staff member during the 2012 election. He can be reached at tom@talkingpointsmemo.com.