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Rocket Companies buys Redfin for $1.75 billion to expand its real estate services and listings.
Mortgage lender Rocket Companies is acquiring online real estate brokerage Redfin in a $1.75 billion all-stock deal.
The acquisition will give Rocket an in-house network of over 2,000 agents and access to Redfin’s popular home and rental listings platform, which attracts nearly 50 million monthly visitors.
Rocket expects to save $140 million in costs and boost revenue by over $60 million.
The transaction is expected to close in the second or third quarter of this year.
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Rocket Companies compra Redfin por $1,75 mil millones para expandir sus servicios inmobiliarios y listados.