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Rocket Companies to acquire Redfin for $1.75B
Redfin is being acquired in an all-stock transaction that values the real estate listing platform at $1.75 billion.
“We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes.” The company’s proposed bid of $12.50 per share represents a 63% premium over Redfin’s volume weighted average price (VWAP) for the month leading up to March 7, 2025. Prior to joining TechCrunch in June 2022, Paul had gained more than a decade’s experience covering consumer and enterprise technologies for The Next Web (now owned by the Financial Times) and VentureBeat.
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