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Rocket to acquire Redfin for $1.75 billion

PUBLIC · RKTJun 02, 2025

Acquiring Company

Rocket Companies

Acquired Company

Redfin

DetroitSeattleFinancial ServicesSoftwareArtificial IntelligenceFintechLendingAnalyticsSoftwareReal EstateReal Estate InvestmentCommercial Real Estate

Description

Rocket Companies announced its planned acquisition of Redfin for $1.75 billion in an all-stock deal on March 10. This acquisition is part of Rocket's strategy to expand its presence in the real estate sector and enhance operational efficiencies. The merger is expected to bring significant revenue and cost-saving opportunities. However, it has faced scrutiny regarding transparency from investors.

Quick answer

Rocket Companies is acquiring Redfin for $1.8 billion, announced June 2, 2025. Rocket Companies is based in Detroit, Michigan, United States.

How much did Rocket Companies pay for Redfin?
The reported deal value is $1.8 billion.
What does Rocket Companies do?
Rocket Cos. is a leading mortgage company focused on providing innovative home financing solutions.
Where are Rocket Companies and Redfin based?
Rocket Companies is based in Detroit, Michigan, United States. Redfin is based in Seattle, Washington, United States.
Who are the decision-makers at Rocket Companies?
Fundz holds 1 contact at Rocket Companies. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Rocket Companies

Location

1050 Woodward Ave

Detroit, Michigan, United States

About

Rocket Cos. is a leading mortgage company focused on providing innovative home financing solutions. The company has been actively acquiring other firms to enhance its service offerings and market share. It aims to create a streamlined homeownership experience using advanced technology and customer care. Rocket is committed to simplifying the mortgage process for clients.

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Frequently asked

Who acquired Redfin?

Redfin was acquired by Rocket Companies, based in Detroit. The deal was reported on June 2, 2025. Rocket Cos. is a leading mortgage company focused on providing innovative home financing solutions. The company has been actively acquiring other firms to enhance its service offerings and market share. Rocket Companies is publicly traded (RKT) and operates in Financial Services.

When did Rocket Companies acquire Redfin?

Rocket Companies's acquisition of Redfin was reported on June 2, 2025. Rocket Companies announced its planned acquisition of Redfin for $1.75 billion in an all-stock deal on March 10. This acquisition is part of Rocket's strategy to expand its presence in the real estate sector and enhance operational efficiencies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Redfin do?

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. It is privately held, operating in Software, and is based in Seattle.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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