Redfin Stock Soars on Deal to Be Bought by Rocket Cos. for $1.75 Billion -- Barrons.com

Dow Jones

03-10

By Mackenzie Tatananni

Rocket Cos. said Monday it reached an agreement to buy digital real estate brokerage Redfin.

Rocket will pay $12.50 a share to buy Redfin under the all-stock transaction. The deal has an equity value of $1.75 billion.

Shares of Redfin surged 78% to $10.34 in premarket trading Monday. Rocket was down 9.6%.

This is breaking news. Check back for updates soon.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 10, 2025 07:16 ET (11:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The deal has an equity value of $1.75 billion. \n</p>\n<p>\n     Shares of Redfin surged 78% to $10.34 in premarket trading Monday. Rocket was down 9.6%. \n</p>\n<p>\n     This is breaking news. Check back for updates soon. \n</p>\n<p>\n     Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 07:16 ET (11:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKT","symbol_name":"Rocket Companies","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518224250","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518224250","pubTimestamp":1741605360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Rocket Cos. said Monday it reached an agreement to buy digital real estate brokerage Redfin.Rocket will pay $12.50 a share to buy Redfin under the all-stock transaction. 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The deal has an equity value of $1.75 billion. \n\n\n     Shares of Redfin surged 78% to $10.34 in premarket trading Monday. Rocket was down 9.6%. \n\n\n     This is breaking news. Check back for updates soon. \n\n\n     Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 07:16 ET (11:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1}}}