Wednesday, January 2, 2013

The Rise of the Sharing Economy


Happy New Year, and welcome to the ongoing rise of the sharing economy.

Vehicle rental services company Avis Budget Group (Avis) today announced that it has agreed to acquire car sharing network Zipcar for $12.25 per share, or approximately $500 million, in cash.

For the record: Avis says it had cash and equivalents of approximately $554 million at the end of September 30, 2012, and its market cap presently hovers around $2.1 billion.

Q&A - 19/6

Bank of England The vast majority of money held by the public takes the form of bank deposits. But where the stock of bank deposits com...