R
ocket Companies has announced plans to acquire Redfin, a real estate listing platform, in an all-stock deal worth $1.75 billion. The move aims to bolster Rocket's lending business by leveraging technology and AI to connect homebuyers with its financing arm. Founded in 2004, Redfin operates a vast database of listings and employs over 2,200 agents. The acquisition is expected to close in the second or third quarter, with Rocket anticipating $200 million in annual synergies by 2027. Redfin CEO Glenn Kelman will remain at the helm of the combined company.