Rocket Companies, Inc. (RKT) entered a merger agreement on March 10, 2025, to acquire Redfin Corporation (RDFN) in an all-stock deal valued at $1.75 billion.
Under the terms of the agreement, each share of Redfin common stock will be exchanged for a fixed ratio of 0.7926 shares of Rocket Companies Class A common stock in an all-stock transaction, valuing each Redfin share at about $12.50, representing a 114.78% premium from the stock’s last close.