Rocket Companies announced a $1.75 billion deal to acquire Redfin. The mortgage titan hopes to leverage Redfin to take market ...

Mortgage giant Rocket Companies (RKT) announced Monday it agreed to purchase digital real estate brokerage Redfin (RDFN) in an all-stock deal valued at $1.75 billion. Redfin stock rose as much as ...

Redfin stock rose as much as 76% on the news. Rocket stock fell as much as 10%. In 2024, Rocket's revenues were $5.1 billion; Redfin reported revenue of $1.04 billion in 2024. "For far too long ...

Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. “It won’t do much now because their market shares are relatively small, but ...