Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin

8
2
Favorite

Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin

Bloomberg03-10

Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

lucasL
·03-11
Bought 1000 shares at 10.51. Do you think this would turn out well?
Reply
Like
Report
lil jer
·03-10
OMG AT LAST
Reply
2
Report

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1187346859?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-10 19:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1187346859","market":"us","top_or_hot":-1,"title":"Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin","media":"Bloomberg","content":"<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-10 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKT","symbol_name":"Rocket Companies","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia","article_id":"1187346859","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1187346859","pubTimestamp":1741604433,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 61% in premarke","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RKT":"Rocket Companies","RDFN":"Redfin Corp"},"translate_title":"Rocket同意以17.5亿美元收购房地产经纪人Redfin","themeId":"2863c8794971126fbe47faf192dc3dc0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RKT":1.1,"RDFN":1.1},"content_text":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in premarket trading.The Detroit-based financial technology group will pay $12.50 for every Redfin share in an all-stock transaction. The price represents a premium of 63% over the volume weighted average price of Redfin’s common stock for the 30 days through Friday, the company said in the statement.Shares in Redfin closed at $5.82 on Friday, giving the Seattle-based company a market value of about $736 million. Rocket has a market capitalization of about $31.5 billion.The transaction is expected to close in the second or third quarter of this year. Redfin Chief Executive Officer Glenn Kelman is anticipated to continue to lead the business, reporting to Rocket’s CEO Varun Krishna.Redfin operates a home search platform with more than one million for-sale and rental listings and an tech-powered brokerage of more than 2,200 agents.Rocket’s stable includes mortgage, real estate and personal finance businesses. The company expects to achieve more than $200 million in run-rate synergies by 2027 through the purchase of Redfin, according to the statement.The company has said it’s betting on technology, specifically artificial intelligence, to fuel a rebound after a drop-off in mortgage origination.Morgan Stanley is advising Rocket on the deal and Goldman Sachs Group Inc. is working with Redfin.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":412437238632784,"gmtCreate":1741660568134,"gmtModify":1741660571854,"author":{"id":"3570511645529213","authorId":"3570511645529213","name":"lucasL","avatar":"https://community-static.tradeup.com/news/fb777c0d1d950405f7da786189eea2ce","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3570511645529213","idStr":"3570511645529213"},"htmlText":"Bought 1000 shares at 10.51. Do you think this would turn out well?","listText":"Bought 1000 shares at 10.51. Do you think this would turn out well?","text":"Bought 1000 shares at 10.51. Do you think this would turn out well?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/412437238632784","repostId":1187346859,"repostType":2,"repost":{"id":"1187346859","kind":"news","pubTimestamp":1741604433,"share":"https://ttm.financial/m/news/1187346859?lang=en_US&edition=fundamental","pubTime":"2025-03-10 19:00","market":"us","language":"en","title":"Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin","url":"https://stock-news.laohu8.com/highlight/detail?id=1187346859","media":"Bloomberg","summary":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 61% in premarke","content":"<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-10 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","RDFN":"Redfin Corp"},"source_url":"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187346859","content_text":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in premarket trading.The Detroit-based financial technology group will pay $12.50 for every Redfin share in an all-stock transaction. The price represents a premium of 63% over the volume weighted average price of Redfin’s common stock for the 30 days through Friday, the company said in the statement.Shares in Redfin closed at $5.82 on Friday, giving the Seattle-based company a market value of about $736 million. Rocket has a market capitalization of about $31.5 billion.The transaction is expected to close in the second or third quarter of this year. Redfin Chief Executive Officer Glenn Kelman is anticipated to continue to lead the business, reporting to Rocket’s CEO Varun Krishna.Redfin operates a home search platform with more than one million for-sale and rental listings and an tech-powered brokerage of more than 2,200 agents.Rocket’s stable includes mortgage, real estate and personal finance businesses. The company expects to achieve more than $200 million in run-rate synergies by 2027 through the purchase of Redfin, according to the statement.The company has said it’s betting on technology, specifically artificial intelligence, to fuel a rebound after a drop-off in mortgage origination.Morgan Stanley is advising Rocket on the deal and Goldman Sachs Group Inc. is working with Redfin.","news_type":1,"symbols_score_info":{"RKT":1.1,"RDFN":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":412044112925272,"gmtCreate":1741616826601,"gmtModify":1741616830561,"author":{"id":"4101430545345510","authorId":"4101430545345510","name":"lil jer","avatar":"https://static.tigerbbs.com/e99a49e5ef432b64585947746f7fa309","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":13,"crmLevelSwitch":0,"authorIdStr":"4101430545345510","idStr":"4101430545345510"},"htmlText":"OMG AT LAST","listText":"OMG AT LAST","text":"OMG AT LAST","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/412044112925272","repostId":1187346859,"repostType":2,"repost":{"id":"1187346859","kind":"news","pubTimestamp":1741604433,"share":"https://ttm.financial/m/news/1187346859?lang=en_US&edition=fundamental","pubTime":"2025-03-10 19:00","market":"us","language":"en","title":"Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin","url":"https://stock-news.laohu8.com/highlight/detail?id=1187346859","media":"Bloomberg","summary":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 61% in premarke","content":"<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Agrees $1.75 Billion Deal for Real Estate Broker Redfin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-10 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","RDFN":"Redfin Corp"},"source_url":"https://www.bloomberg.com/news/articles/2025-03-10/rocket-agrees-1-75-billion-deal-for-real-estate-broker-redfin?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187346859","content_text":"Rocket Cos. has agreed to buy Redfin Corp. in a deal that valued the real estate listing site at $1.75 billion, according to a statement reviewed by Bloomberg News.Redfin shares soared 69.1% in premarket trading.The Detroit-based financial technology group will pay $12.50 for every Redfin share in an all-stock transaction. The price represents a premium of 63% over the volume weighted average price of Redfin’s common stock for the 30 days through Friday, the company said in the statement.Shares in Redfin closed at $5.82 on Friday, giving the Seattle-based company a market value of about $736 million. Rocket has a market capitalization of about $31.5 billion.The transaction is expected to close in the second or third quarter of this year. Redfin Chief Executive Officer Glenn Kelman is anticipated to continue to lead the business, reporting to Rocket’s CEO Varun Krishna.Redfin operates a home search platform with more than one million for-sale and rental listings and an tech-powered brokerage of more than 2,200 agents.Rocket’s stable includes mortgage, real estate and personal finance businesses. The company expects to achieve more than $200 million in run-rate synergies by 2027 through the purchase of Redfin, according to the statement.The company has said it’s betting on technology, specifically artificial intelligence, to fuel a rebound after a drop-off in mortgage origination.Morgan Stanley is advising Rocket on the deal and Goldman Sachs Group Inc. is working with Redfin.","news_type":1,"symbols_score_info":{"RKT":1.1,"RDFN":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":2,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}