Hertz-Dollar Thrifty deal: FTC taking closer look

Skift Take

After so much maneuvering between Hertz and Avis Budget over Dollar Thrifty, it's hard to believe that the FTC would block the deal at this point. But, an honest deal review must take a hard look at how further industry consolidation would impact consumers.

Federal regulators are seeking more assurances that Hertz Global Holdings Inc.’s plan to buy rival car-rental firm Dollar Thrifty Automotive Group Inc. DTG will result in savings for customers, people familiar with the matter said.

On Thursday, Hertz said the Federal Trade Commission asked for more time to review the proposed deal between the two car rental giants. Hertz said it won’t close the purchase sooner than Nov. 16. Previously, the company said the deal could close after Oct. 31.

The FTC is mining data provided by the rental-car companies about potential consumer savings and asking questions about the figures and analysis, one of the people said. An FTC spokeswoman said the agency is reviewing the deal; she declined to comment further.

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First read is on us.

The FTC is taking closer look and the Hertz-Dollar Thrifty deal

Skift Take

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First read is on us.
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First read is on us.

The FTC is taking closer look and the Hertz-Dollar Thrifty deal

Skift Take

Up Next

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First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.