US EditionMortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion
- Rocket Companies will acquire Redfin in an all-stock deal valued at $1.75 billion, which will take Redfin private.
- Redfin's CEO Glenn Kelman will continue to lead the company, reporting directly to Varun Krishna.
- The transaction involves exchanging 0.7926 shares of Rocket Companies' Class A stock for each share of Redfin, giving Rocket shareholders 95% ownership.
- The deal requires approval from Redfin's shareholders and is expected to close in Q2 or Q3 of 2025.
41 Articles
41 Articles
Rocket, Redfin Deal Aims To Create End-To-End Real Estate Solution: Where Does That Leave Zillow? - Redfin (NASDAQ:RDFN)
Rocket Companies Inc. (NYSE:RKT) announced on Monday it will acquire Redfin Corp. (NASDAQ:RDFN) in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage. The combined company aims to create a real estate and lending powerhouse that offers customers a seamless experience from search to close. Read More: Nasdaq, S&P 500 Hit 6-Month Lows As Recession Fears Grow: What’s Dri…
Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion
Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion. The transaction, announced Monday, gives one of the nation’s largest mortgage lenders an in-house network of more than 2,000 real estate agents across 42 states and Redfin’s popular home and rental housing listings platform, which draws nearly 50 million monthly visitors. The deal values Redfin at $12.50 per share. …
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