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The deal is causing shares of Redfin rival Zillow Group Inc. (Z) to drop more than 3% because the "RKT/RDFN transaction ... will create a more integrated real estate platform competitor," Mollins ...
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Rocket Cos. said Monday it would pay $1.8 billion in stock for the online real-estate agency Redfin Corp. in an effort to make it easier for customers to buy property using their mobile devices.