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flag Mortgage lender Rocket Companies buys real estate site Redfin for $1.75 billion in stock.

flag Mortgage lender Rocket Companies is acquiring online real estate brokerage Redfin in a $1.75 billion all-stock deal. flag The acquisition will give Rocket access to Redfin’s network of over 2,000 agents across 42 states and its popular home listings platform with nearly 50 million monthly visitors. flag Rocket expects to save $140 million in costs and boost revenue by over $60 million through this integration. flag The deal, approved by both boards, is expected to close by the third quarter.

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