>Rocket Companies said on Monday it would acquire real estate listing platform Redfin in an all-stock deal valued at $1.75 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 80%, while Rocket’s fell about 8% 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.
>Rocket, whose flagship business is its mortgage-lending arm, aims to lean on technology and AI to help link prospective buyers with its financing arm and speed up deals once the transaction closes, the company said.
>The deal is expected to close in the second or third quarter, Detroit-based fintech Rocket said.
>It expects the combined company to achieve more than $200 million in run-rate synergies by 2027.
>Redfin CEO Glenn Kelman will continue to lead the business.
Link: [https://www.cnbc.com/2025/03/10/rocket-companies-to-buy-real-estate-firm-redfin.html](https://www.cnbc.com/2025/03/10/rocket-companies-to-buy-real-estate-firm-redfin.html)
