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Rocket Companies to acquire Redfin in $1.75B deal
Redfin is being taken private in an all-stock transaction that values the real estate listing platform at $1.75 billion.
“Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers.” Redfin’s shares had fallen more than 30% in the past couple of weeks, after its Q4 2024 earnings missed estimates, while the company also provided weak guidance for the current quarter. 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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