Avis Budget Group officially signed the papers on its acquisition of Zipcar today. A few hours later, the ride-sharing company’s chief executive resigned.
News that Avis Budget Group plans to buy top car sharing network Zipcar for $500 million opened some eyes this morning. But the deal could have some trouble going through, with a law firm announcing it is investigating whether Zipcar didn’t get the best deal possible.
Rental car giant Avis Budget Group has agreed to buy car sharing network Zipcar for $500 million in cash.