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flag Rocket Companies acquires Redfin for $1.75 billion to expand its real estate services.

flag Mortgage lender Rocket Companies has agreed to acquire online real estate brokerage Redfin in an all-stock deal worth $1.75 billion. flag The acquisition will give Rocket access to Redfin's network of over 2,000 real estate agents and its popular home and rental listings platform, which attracts nearly 50 million monthly visitors. flag The deal is expected to save Rocket $140 million in costs and boost revenue by more than $60 million. flag Redfin CEO Glenn Kelman is set to remain at the helm of the real estate brokerage. flag The transaction is expected to close in the second or third quarter of this year.

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