Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 10:43 PM
| This Slide: #88 of 100 |
Slide #88. Redfin — RentPath
Acquirer:
Redfin (NASDAQ:RDFN)
Acquiree:
RentPath
Details:
Redfin (www.redfin.com) has entered into an agreement to acquire RentPath (www.rentpath.com), the Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash. The acquisition will bring together a leading site for buying a home with a leading site for renting a home, giving anyone trying to move a complete view of her options.
Redfin is a residential real estate brokerage, representing customers in over 90 markets throughout the U.S. and Canada. Co. operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sale of their home. Co. also provides title and settlement services, originates and sells mortgages, and buys and sells home. Co. has operations located in various states across the U.S. and certain provinces in Canada.
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Avg. Broker Rec.
  
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Hold (2.29 out of 4) 4th percentile
(ranked lower than approx. 96% of all stocks covered)
Analysts' Target Price: RDFN Stock Forecast Based on Zacks ABR data; powered by Xignite |
