M&A

Dark Matter confirms layoffs as it right-sizes

Dark Matter executives confirmed the company has undergone a reduction in force, as the company sets its next phase in motion. As a standalone company, Dark Matter has only existed for about 20 months. On Sept. 15, 2023, what had been the Black Knight origination technology business, primarily its Empower loan origination system, was sold […]

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Redfin investor alleges lack of Rocket deal transparency

A Redfin stockholder is ringing the alarm regarding the imminent closing of Rocket Companies’ $1.75 billion acquisition of the real estate brokerage, filing a suit that claims that certain information was not disclosed to investors. Plaintiff Jason Morano alleges that Redfin submitted “materially incomplete and misleading” filings with the Securities and Exchange Commission in order

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Lower acquires Movoto, as it pushes to build end-to-end platform

Mortgage lender Lower is acquiring Movoto, a home search website, from prior parent company OJO Labs, the companies announced Tuesday. The combination of the two firms will create “an end-to-end homeownership platform” connecting consumers, originators and real estate agents. The vision echoes a similar one pursued by Rocket Companies through its acquisition of Redfin, announced

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