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flag Rocket Companies buys Redfin for $1.75 billion, expanding its real estate services nationally.

flag Mortgage lender Rocket Companies is acquiring real estate brokerage Redfin in a $1.75 billion all-stock deal. flag This acquisition will give Rocket access to Redfin’s network of over 2,000 agents and its highly-trafficked home listing platform. flag The deal is expected to save Rocket $140 million in costs and increase revenue by over $60 million. flag Redfin CEO Glenn Kelman will remain in his role under Rocket’s leadership. flag The transaction is anticipated to close in the second or third quarter of this year.

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