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Rocket Companies buys Redfin for $1.75 billion, expanding its real estate services and reach.
Mortgage lender Rocket Companies is acquiring real estate brokerage Redfin in a $1.75 billion stock deal.
The acquisition gives Rocket access to Redfin's network of over 2,000 agents and its popular listings platform with nearly 50 million monthly visitors.
Rocket expects to save $140 million in costs and boost revenue by over $60 million.
Redfin CEO Glenn Kelman will remain in his role.
The deal is expected to close in the second or third quarter of this year.
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Rocket Companies compra Redfin por 1.750 millones de dólares, ampliando sus servicios inmobiliarios y su alcance.