Hertz Buying Dollar Thrifty for $2.3 Billion

After a couple years of attempting to Hertz will be buying Dollar Thrifty in a deal worth about $2.3 billion.

As part of the deal Hertz will have to sell their sub company Advantage.

This will very much emphasize Hertz's position as the number two car renter, in the US.

The number three group, Avis, had been bidding on Dollar Thrifty, but withdrew their attempts after buying into the European market.

Enterprise Holdings, which owns Enterprise, National, and Alamo, never did seek to expand their number one spot, by adding Dollar Thrifty.

Franchise Services of North America and Macquarie Capital will be acquiring Advantage, for an as of yet undisclosed amount.