Reported 2 days ago
A group of U.S. senators, including Elizabeth Warren and Cory Booker, are pressing federal antitrust authorities to explain their decision not to block Rocket Companies' $1.75 billion acquisition of Redfin, fearing it will increase costs for homebuyers. The senators, concerned about industry consolidation, warned the merger could create a dominant conglomerate that limits consumer choice and raises housing prices, especially amid rising home costs.
Source: YAHOO