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Paul, Weiss advised Rocket Companies, a Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, on its all-stock $1.75 billion acquisition of leading digital real estate brokerage Redfin.

At closing, the companies introduced Rocket Preferred Pricing, which will offer homebuyers a one-percentage-point reduction in interest rate for the first year of their loan or a lender credit at closing if they finance their home through Rocket Mortgage and buy a home through Redfin. The companies plan to launch additional products and services for homebuyers, real estate agents and mortgage brokers in the coming months.

The Paul, Weiss team was led by corporate partners Laura Turano, Scott Barshay and Cristina Amodeo, and included partners Christodoulos Kaoutzanis, Charles Pesant, John Kennedy and Manuel Frey; tax partners Brad Okun and Robert Killip; antitrust partners Christopher Wilson, Joshua Soven and Marta Kelly and counsel Todd Hahn; executive compensation partner Jean McLoughlin and counsel Cynthia Akard; intellectual property partner Claudine Meredith-Goujon and counsel Matthew Rosenberg; litigation partners Geoffrey Chepiga, John Carlin, Gregory Laufer, Christopher Pepe, Nicole Succar and Andre Bouchard, and counsel Ian Moore, Audrey Paquet and Benjamin Klein; real estate partner Peter Fisch; and environmental counsel William O’Brien.