Rocket to Acquire Mr. Cooper in $9.4B Deal

Rocket Companies has announced a $9.4 billion all-stock acquisition of Mr. Cooper Group, aiming to create one of the largest mortgage firms in the U.S. This merger will result in a combined servicing portfolio of over $2.1 trillion, covering approximately one in every six mortgages nationwide and nearly 10 million clients. Mr. Cooper shareholders will receive 11 Rocket shares for each share held, representing a 35% premium. The acquisition is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals, and will add $100 million in pre-tax revenue along with $400 million in cost savings. Jay Bray, Mr. Cooper's CEO, will lead Rocket Mortgage post-merger, enhancing the customer experience through technology and AI-powered platforms. This deal follows Rocket's recent acquisition of Redfin, marking a significant expansion in its real estate and mortgage business.