Redfin shares jump on acquisition from Rocket Companies
ReutersMar 10, 2025 11:17 AM
Shares of Redfin RDFN.O rise 81.44% to $10.52 in premarket trading
Rocket Companies RKT.N said it will buy Redfin, a digital real estate brokerage, in a deal valued at $1.75 billion
Shares of RKT fall nearly 9% to $14.2 premarket
The deal is expected to close by Q2 or Q3 2025
As of last close RKT rose 40.05% YTD while Redfin fell 26.05%
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