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Tuesday, May 21, 2013

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Avis buying Zipcar in deal worth nearly $500M

9:53 pm, Wednesday, January 2, 2013 -- Avis is leaping into the car-sharing service business by buying Zipcar for $491.2 million, aiming to capture a new type of customer and technology that will vastly expand its car rental options. Car sharing has become a popular alternative to traditional rentals in metropolitan areas and on...

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© 2013 Hearst Communications Inc.Hearst Connecticut Media Group, a division of Hearst Newspapers