Dan Gilbert's Rocket Companies to buy real estate brokerage firm Redfin in $1.75B deal
Dan Gilbert's Rocket Companies plans to buy the online real estate brokerage firm Redfin, a $1.75 billion deal that would expand Rocket's presence in all things residential real estate. The all-stock deal was announced Monday morning and, pending approval by Redfin shareholders, is expected to close in the second or third quarter.
Rocket Companies to purchase real estate brokerage Redfin
Rocket Companies, a Detroit-based fintech business focusing on mortgage, real estate and personal finance, has announced its plan to acquire real estate brokerage Redfin. The move connects Redfin's nearly 50 million monthly website visitors to Rocket's mortgage products.
Mortgage Lender Rocket Cos. to Acquire Real Estate Brokerage Redfin in Deal Valued at $1.75 Billion
Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion. The transaction, announced Monday, gives one of the nation's largest mortgage lenders an in-house network of more than 2,
Rocket Companies to buy real estate firm Redfin in $1.75 billion deal
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.
Who bought Redfin? Rocket Companies to buy Seattle-based real estate brokerage firm
Dan Gilbert's Rocket Companies plans to buy Seattle-based Redfin in an all-stock deal, according to a news release.
Lender Rocket acquiring real estate brokerage Redfin in $1.75B deal
The transaction gives one of the nation’s largest mortgage lenders an in-house network of more than 2,000 real estate agents and Redfin’s popular home and rental housing listings platform.
Online real estate brokerage Redfin to be sold in $1.75 billion deal
The sale would put the Seattle-based brokerage in the hands of one of the nation's ne of the nation’s largest mortgage lenders.
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Cleveland Cavaliers Chairman Dan Gilbert to receive Lifetime Achievement Award at 2025 Greater Cleveland Sports Awards
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