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Mortgage 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.
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Hastings TribuneHastings Tribune

Rocket Companies is buying Redfin, the real estate listing firm

DETROIT — Rocket Companies said Monday it is buying the real estate listing platform Redfin in a deal valued at $1.75 billion.

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KOB 4KOB 4

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. …

·Albuquerque, United States
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abc Newsabc News

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in $1.75B deal

Mortgage lender Rocket Cos

·United States
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Zero HedgeZero Hedge

Rocket To Buy Redfin For $1.75 Billion: "Accelerating Purchase Mortgage Strategy"

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

·United States
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Detroit Free PressDetroit Free Press

Dan Gilbert's Rocket Companies to buy real estate brokerage firm Redfin in $1.75B deal

The acquisition is one of the biggest for Rocket Companies since it went public nearly five years ago.

·Detroit, United States
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The Seattle TimesThe Seattle Times

Seattle-based Redfin being bought by Rocket

Seattle-based Redfin operates a home search platform with more than one million for-sale and rental listings.

·Seattle, United States
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Weekly Real Estate News broke the news in on Monday, March 10, 2025.
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