Missile companies to take Redfin Private in a $ 1.75 billion deal

Redvin He is Special takes In the ALL-STOCK treatment, which estimates the real estate list platform at $ 1.75 billion.

The acquisition company Missile companiesMichigan -based Michigan -based financing company and runs many brands including Rocket Mortgage, Rocket Money and missile loans.

“Rocket and Redfin has a unified view of a better way to buy and sell homes,” the CEO of missile companies Varon Krishna He said in a statement. “We will together improve the experience by linking the traditionally different steps for the research and financing process through the leading technology that removes friction, reduces costs and increases value to US housing buyers.”

Redfin was founded outside Seattle in 2004, and offers a residential real estate mediation platform for American and Canadian markets. Advertise “Amazon of Real Estate” 2017 was done in 2017Its shares were generally traded by about $ 20 in the few years. As with many technology companies, RedFin rose during the epidemic, with its shares its highest level ever reached $ 96 in early 2021, before decreasing to less than $ 10 for most of the past three years.

Missile companies, for their part, It was done in 2020Today, the market value has $ 31 billion. The proposed bid of the company of $ 12.50 represents a 63 % installment on the average price of the weighted volume of RDFIN (VWAP) for the month that precedes March 7, 2025. The offer requires an exchange of 0.7926 shares of shared shares between missiles A and RedFin for 5 % shareholders.

Although both boards have already agreed to the transaction, it still requires RedFin shareholders to operate the deal, which Redfin says it expects to happen in Q3, 2025. Redvin CEO and President Redfin. Glenn KilmanWho led the company since 2005, will continue at the head of RedFin, where it reports directly to Krishna.

This is a fracture story, update of updates.