Workflow
Rocket Companies to buy real estate firm Redfin in $1.75B deal
RDFNRedfin(RDFN) Fox Business·2025-03-10 23:16

Rocket Companies said on Monday it would acquire real estate listing platform Redfin in an all-stock deal valued at 1.75billion,seekingtoboostitslendingbusiness.Rockets1.75 billion, seeking to boost its lending business. Rocket's 12.50 per share offer equates to a near 115% premium to Redfin's Friday close. Redfin's shares rose about 74%, while Rocket's fell about 12% before the bell.Founded in 2004, Redfin operates a home search platform with more than 1 million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents. US PENDIN ...