Rocket Companies to acquire Redfin for $1.75bn.

Rocket Companies, the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, agreed to acquire Redfin, a provider of residential real estate brokerage and mortgage origination services, for $1.75bn. "Rocket and Redfin have a unified vision of a better way to buy and sell homes. 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," Varun Krishna, Rocket Companies CEO.