An announcement from Redfin ( (RDFN) ) is now available.
On March 9, 2025, Redfin Corporation entered into a Merger Agreement with Rocket Companies, where Redfin will become a wholly owned subsidiary of Rocket. The merger, valued at $1.75 billion in equity and $2.4 billion in total enterprise value, involves exchanging Redfin shares for Rocket shares at a fixed ratio. The transaction is expected to close in the second or third quarter of 2025, subject to shareholder approval and other conditions. This merger aims to enhance Rocket’s purchase mortgage strategy by integrating Redfin’s real estate platform with Rocket’s mortgage services, potentially generating significant revenue and cost synergies. The merger is expected to accelerate Rocket’s growth in the purchase mortgage market and improve consumer experiences through AI and technology integration.
More about Redfin
Redfin is a leading digital real estate brokerage, founded in 2004, known for its top-three home search platform with over 1 million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents. Rocket Companies is a Detroit-based fintech platform offering mortgage, real estate, and personal finance services, providing home financing across all 50 states.
YTD Price Performance: -25.29%
Average Trading Volume: 5,530,488
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $735.6M
For an in-depth examination of RDFN stock, go to TipRanks’ Stock Analysis page.