A Fool Looks Back

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Avis Budget  (NASDAQ: CAR  ) came up short in the Dollar Thrifty bidding war that could have potentially made it the largest traditional auto-rental agency, but a single deal this week will find the company atop the faster-growing car-sharing industry.

Avis Budget is buying Zipcar  (UNKNOWN: ZIP.DL2  )  in a $491 million deal, and it will be a surprisingly synergistic deal. Avis lacks a notable presence in offering conveniently accessible cars in major metropolitan areas that are available by the hour. Zipcar can use access to a larger fleet, particularly on weekends -- which is the lull for Avis and its business travelers.

The buyout will be bittersweet for Zipcar investors. The company commanded a market cap of $1.2 billion within minutes of going public, and now shareholders are being cashed out at a discount to its 2011 IPO. However, kicking off the first trading day of 2013 with a nearly 50% pop sounds pretty good these days. 

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Zynga  (NASDAQ: ZNGA  ) shut down more of its games as 2012 came to a close. Let's see whether "resentment" is a hit as a Draw Something word.
  • Baidu (NASDAQ: BIDU  ) got some more hate mail, as another analyst lowered its price target on shares of China's leading search engine. The price target went from $82 to $80.
  • Netflix's (NASDAQ: NFLX  ) Christmas Eve outage was unfortunate, but (NASDAQ: AMZN  ) apologized this past weekend. Hey, Netflix. Amazon is sorry that its own video streaming service was running perfectly fine while your more popular offering stumbled on Amazon's servers. That fixes everything. Right?

Moving on
There's also a premium report on Baidu, taking a close look at China's dot-com darling. The premium research comes with a year's worth of updates. Click here to check it out.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2180318, ~/Articles/ArticleHandler.aspx, 9/30/2016 12:59:05 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:00 PM
CAR $33.73 Down -1.09 -3.13%
Avis Budget Group CAPS Rating: **
ZIP.DL2 $0.00 Down +0.00 +0.00%
Zipcar CAPS Rating: ****
AMZN $829.05 Up +0.33 +0.04% CAPS Rating: ****
BIDU $182.23 Down -5.51 -2.93%
Baidu CAPS Rating: *****
NFLX $96.67 Down -0.81 -0.83%
Netflix CAPS Rating: ***
ZNGA $2.81 Down -0.01 -0.35%
Zynga CAPS Rating: *