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. “We want a customer to be able to check her phone to find out what she can afford,

Rocket Companies on Monday announced plans to acquire Redfin to expand its mortgage strategy. RKT stock tumbled on the news while Redfin shares soared. Real estate information giant Zillow retreated.Please watch the video at Investors.

Rocket Companies (RKT) stock is in focus after it was announced that it is set to buy Redfin (RDFN) in an all-stock deal valued at $1.75 billion. Madison Mills takes a closer look at the planned acquisition.