Rocket companies to acquire redfin, accelerating purchase mortgage strategy

Most-visited real estate brokerage website joins with largest mortgage lender connects redfin's nearly 50 million monthly visitors to rocket's mortgage products rocket companies to collapse "up-c" structure and declares a special cash dividend of $0.80 per share of class a common stock to be paid on april 3 rocket to host conference call and webcast today at 8:00 a.m. et detroit and seattle , march 10, 2025 /prnewswire/ -- rocket companies (nyse: rkt), the detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, today announced it has entered into an agreement to purchase redfin (nasdaq: rdfn), a leading digital real estate brokerage, in an all-stock transaction for a value of $12.50 per redfin share, or $1.75 billion of equity value.
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