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Author Topic: Avis to Buy Zipcar for $500 Million  (Read 3144 times)

Offline 972sg212

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Avis to Buy Zipcar for $500 Million
« on: January 02, 2013, 07:53:29 AM »
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Offline Ergel

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Re: Avis to Buy Zipcar for $500 Million
« Reply #1 on: January 02, 2013, 07:58:49 AM »
Amazing that a company that has yet to turn a profit is valued at half a billion dollars
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Offline 972sg212

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Re: Avis to Buy Zipcar for $500 Million
« Reply #2 on: January 02, 2013, 08:06:09 AM »
Quote from: Ergel on January 02, 2013, 07:58:49 AM
Amazing that a company that has yet to turn a profit is valued at half a billion dollars

My guess is its to compete with Hertz OnDemand
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Offline Ergel

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Re: Avis to Buy Zipcar for $500 Million
« Reply #3 on: January 02, 2013, 08:14:48 AM »
Of course. They could have created their own. They're really paying for the market base. And I assume they hope it will translate into Avis loyalty. Still crazy
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Offline Chaikel

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Re: Avis to Buy Zipcar for $500 Million
« Reply #4 on: January 02, 2013, 08:53:19 AM »
Would have been cheaper for them to rent it
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Offline elikay

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Re: Re: Avis to Buy Zipcar for $500 Million
« Reply #5 on: January 02, 2013, 08:55:47 AM »
Quote from: Chaikel on January 02, 2013, 08:53:19 AM
Would have been cheaper for them to rent it
:)
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Offline AJK

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Re: Avis to Buy Zipcar for $500 Million
« Reply #6 on: January 02, 2013, 11:05:04 AM »
Quote from: Ergel on January 02, 2013, 07:58:49 AM
Amazing that a company that has yet to turn a profit is valued at half a billion dollars

Instagram? a full billion.
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Offline Ergel

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Re: Avis to Buy Zipcar for $500 Million
« Reply #7 on: January 02, 2013, 11:10:46 AM »
Quote from: AJK on January 02, 2013, 11:05:04 AM
Instagram? a full billion.
And that was even crazier
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Offline AsherO

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Re: Avis to Buy Zipcar for $500 Million
« Reply #8 on: January 02, 2013, 11:33:59 AM »
Quote from: AJK on January 02, 2013, 11:05:04 AM
Instagram? a full billion.

A (billion) dollar(s) isn't what it used to be...
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Offline Achas Veachas

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Re: Avis to Buy Zipcar for $500 Million
« Reply #9 on: January 02, 2013, 11:58:33 AM »
Quote from: AsherO on January 02, 2013, 11:33:59 AM
A (billion) dollar(s) isn't what it used to be...
Better get used to it...
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Offline AJK

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Re: Avis to Buy Zipcar for $500 Million
« Reply #10 on: January 02, 2013, 12:19:38 PM »
Quote from: AsherO on January 02, 2013, 11:33:59 AM
A (billion) dollar(s) isn't what it used to be...

A billion is still a billion. It'll be a long time before that changes.
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Offline Shotguns

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Re: Avis to Buy Zipcar for $500 Million
« Reply #11 on: January 02, 2013, 12:30:04 PM »
will there be any advantage if you are avis preferred when you rent from zipcar. hi rots
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Offline rots5

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Re: Avis to Buy Zipcar for $500 Million
« Reply #12 on: January 02, 2013, 12:42:59 PM »
Quote from: Shotguns on January 02, 2013, 12:30:04 PM
will there be any advantage if you are avis preferred when you rent from zipcar. hi rots5
haaahaaaa   

but isnt it true the owner of hertz's son owned zipcar?
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Offline moko

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Re: Avis to Buy Zipcar for $500 Million
« Reply #13 on: January 02, 2013, 12:48:00 PM »
Quote from: 972sg212 on January 02, 2013, 08:06:09 AM
My guess is its to compete with Hertz OnDemand
and EnterpriseCarShare which would make Avis/budget the odd man out
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