3 sources·Business

Rocket Cos. Acquires Redfin in $1.75 Billion All-Stock Deal

Rocket Cos. is set to acquire Redfin for $1.75 billion, enhancing its presence in the real estate sector with a vast network of agents.

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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.
Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in $1.75B deal
ABC News·1M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
·
Center
This outlet is balanced or reflects centrist views.
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.
Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion
Associated Press·1M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
·
Center
This outlet is balanced or reflects centrist views.
Shareholders of Rocket will own about 95% of the combined company on a fully diluted basis, while Redfin shareholders will own the rest on deal completion expected in the second or third quarter.
Rocket Companies to buy real estate firm Redfin in $1.75B deal
Fox Business·1M
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This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
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Leans Right
This outlet slightly leans right.

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Updated: Mar 10th, 2025, 4:31 PM ET

Summary

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Rocket Cos. has announced the acquisition of Redfin in an all-stock transaction valued at $1.75 billion. This deal will expand Rocket's offerings with Redfin's extensive real estate platform and agent network, aiming to save costs and boost revenue. Each Redfin share is valued at $12.50, equating to a significant premium over recent trading prices. Once completed, Rocket shareholders will own approximately 95% of the new entity. Redfin's CEO will continue to lead the brokerage following the merger, expected to finalize in Q2 or Q3 of this year.

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Rocket Cos. is acquiring Redfin to expand its services and improve efficiency in the real estate market.
The deal is valued at $1.75 billion, which includes a significant premium for Redfin shareholders, highlighting the growth potential of the combined entities.
The acquisition is expected to lead to operational synergies and increased revenues by connecting clients with additional real estate services.

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