Rocket Companies announces its largest acquisition to date
Rocket Companies Inc to buy Truebill for $1.275 billion in cash. CEO Farner discussed the acquisition on CNBC's "Squawk on the Street".
Source: invezz.com
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Rocket Acquires Personal Finance App Truebill In $1.275B Deal
The acquisition could not only help Rocket boost its purchase loan business, but provide a steady source of revenue that's not tied to the cyclical ups and downs of real estate.
Source: inman.com
Rocket Companies acquires personal finance startup Truebill for $1.275B
Rocket Companies acquires personal finance startup Truebill for $1.275B - SiliconANGLE
Source: siliconangle.com
Rocket's $1.28B Truebill acquisition aims to add revenue to servicing
The 2.5 million-member personal-finance app has saved consumers $100 million-plus since its founding in 2015, and could add a similar amount on an annualized basis to fee income.
Source: nationalmortgagenews.com
Detroit pension fund sues Dan Gilbert over $500 million stock sale
The Detroit police and fire pension fund is suing Rocket Companies Inc. chairman and real estate mogul Dan Gilbert in Delaware, alleging he traded on insider information in a $500 million stock sale. The civil lawsuit filed Nov. 23 and partially unsealed publicly Friday against Gilbert and Rock…
Source: crainsdetroit.com