Case’s Company Buys Major Stake in Flexcar
From Associated Press
Steve Case, a co-founder of America Online Inc., said his investment firm had purchased a majority stake in Flexcar and planned to embark on a major expansion for the car-sharing business.
The Seattle-based company currently operates 450 cars in six cities -- Seattle, Los Angeles, San Diego, Chicago, Washington and Portland, Ore.
Case did not disclose the amount of his investment, which was made through his Washington-based firm, Revolution.
