Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 agents, with Rocket Companies’ mortgage origination and servicing capabilities.
Source: Inman News
Rocket Companies to purchase Redfin in $1.75B all-stock deal
Published in acquisition, acquisitions, AI Algorithms, AI in real estate, AI models, all-stock, american dream, glenn kelman, homebuying, Industry News, inman, Mortgage, mortgage acquisitions, mortgage companies, mortgage lenders, mortgage origination, Music City, nashville, News Brief, real estate brokerage, Redfin, Redfin CEO Glenn Kelman, rocket companies, Rocket Mortgage, Select, stock, Technology, technology in real estate, technology integration, Transaction Efficiency and Varun Krishna
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