Dan Gilbert's Rocket Companies to buy real estate brokerage firm Redfin in $1.75B deal
Dan Gilbert's Rocket Companies plans to buy the online real estate brokerage firm Redfin, a $1.75 billion deal that would expand Rocket's presence in all things residential real estate. The all-stock deal was announced Monday morning and, pending approval by Redfin shareholders, is expected to close in the second or third quarter.
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On paper, this makes sense. In its presentation to shareholders, Rocket represented the opportunity as a giant funnel. At the top are the 62mn monthly visitors to Redfin and Rocket’s websites. All ...
Detroit-based Rocket Companies announced Monday that it reached a deal to buy Redfin, the online home-purchase platform ...
Rocket Lab is buying and selling today. So are its investors.
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