Redfin is “Under Contract”

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 10 March 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Deals are back! Rocket Companies sees a fixer upper with Redfin and ServiceNow steps into the agentic AI era with Moveworks. (00:21) Tim Beyers and Dylan Lewis discuss: - Rocket Company’s plans to own even more of the homebuying process with its all-stock purchase of Redfin. - ServiceNow’s step into agentic AI and Salesforce’s turf with its $2.8B purchase of Moveworks. (17:03) Vail Resorts kicked off the winter season with some rough conditions despite having snowy slopes. Motley Fool analyst Anthony Schiavone joins Mary Long to check in on the ski resort owner before the company’s quarterly report after the bell today. Companies discussed: RDFN, RKT, NOW, MTN Host: Dylan Lewis Guests: Tim Beyers, Anthony Schiavone, Mary Long Engineers: Tim Sparks, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Who knew Redston had the four sales sign up?
0:07.3	Motleyful money starts now.
0:24.1	I'm Dylan Lewis and I'm joined over the air airwaves by Molly Fool analyst Tim Byers.
0:25.3	Tim, thanks for joining me.
0:27.1	Fully caffeinated, ready to go, Dylan.
0:28.6	I'm glad.
0:30.8	We have so much to talk about.
0:33.6	It is a merger Monday in the truest sense, Tim. I feel like I'm on CNBC.
0:35.3	Deals to kick off the fresh week.
0:37.3	Real estate platform, Redfin,
0:39.0	apparently on the market this whole time. We had no idea. Financial Services Company, Rocket
0:42.8	Companies, owner of Rocket Mortgage, will be buying Redfin for what was initially announced
0:47.2	as an all-stock $1.75 billion deal. Tim, you surprised to see this one?
0:53.2	I'm very surprised. I'm also mourning it a little bit
0:56.1	because even though I get the deal and I get the rationale for the deal, Glenn Kelman,
1:03.0	as a CEO of Redfin, has been one of my favorite full CEOs, really since I've been covering
1:09.7	stocks. I love his transparency. I love his honesty. I love his
1:13.2	earnestness. He's not a founder, but he acts like a founder. And so if Kelman is willing to make
1:22.3	this deal happen, he must really believe in it. And so that gives me some confidence that there's the
1:30.5	right thing here, even though structurally, you know, investors, I don't know that this is going
1:37.0	to be as amazing for investors as I certainly would like it to be because it's an all-stock deal.
1:43.6	We could talk about that.
	...

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