Why Avis Is Buying Car-Sharing Service Zipcar

Why Avis Is Buying Car-Sharing Service Zipcar Play

Jan. 2 (Bloomberg) -- Avis Budget Group agreed to buy Zipcar, which rents cars by the hour or day, for $491 million, after losing in a race to acquire Dollar Thrifty Automotive Group. Christina Alesci reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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