Reported about 6 hours ago
Rocket Companies is set to acquire real estate platform Redfin in an all-stock deal valued at $1.75 billion. This merger aims to combine their strengths in home search and financing, providing a streamlined experience for customers looking to buy homes. Redfin, founded in 2004, has seen fluctuations in its stock price and recently faced challenges but remains a public company under the new ownership. The deal requires approval from Redfin's shareholders and is expected to close in Q3 2025.
Source: YAHOO