Avis extends buying spree, takes Payless for $50M

Discussion in 'Avis | First/Preferred' started by sobore, Jul 15, 2013.  |  Print Topic

  1. sobore
    Original Member

    sobore Gold Member

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    http://money.msn.com/business-news/article.aspx?feed=AP&date=20130715&id=16697848

    Avis is spending $50 million to acquire Payless Car Rental and broaden lower-cost options to customers.

    Payless, which was founded in Spokane, Wash., offers "deals of the hour" and "last-minute deals" to renters. Now based in St Petersburg, Fla., the company has grown to become the sixth-largest rental car company in North America.

    Avis began pushing its traditional rental boundaries from the start this year, buying the car-sharing service Zipcar for about $490 million in early January.

    Read More: http://money.msn.com/business-news/article.aspx?feed=AP&date=20130715&id=16697848
     
    uggboy likes this.
  2. pck25283

    pck25283 Active Member

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    Well... aggressive strategy from Avis...
     

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