Rocket Companies, Inc. has announced a definitive agreement to acquire Redfin Corporation in an all-stock transaction valued at approximately $1.75 billion. Under the agreement, Redfin shareholders will receive 0.7926 shares of Rocket’s Class A common stock for each Redfin share. Upon completion of the merger, Redfin will become a wholly owned subsidiary of Rocket Companies.

The deal is subject to shareholder approval, regulatory clearance, and customary closing conditions. Both companies' boards have approved the transaction, and Redfin’s board recommends that its shareholders vote in favor. The merger is expected to enhance Rocket's position in the real estate and mortgage sectors, leveraging Redfin’s technology-driven real estate services.

The companies anticipate closing the transaction by the end of 2025, pending regulatory and shareholder approvals.