Rocket Companies to Acquire Truebill for $1.275 Billion

Paul, Weiss is advising Rocket Companies, a Detroit-based platform company consisting of tech-driven real estate, mortgage and financial services businesses, in its acquisition of Truebill, a leading personal finance app, for $1.275 billion. The all-cash transaction will add consistent monthly revenue for Rocket Companies and bring it closer to its goal of creating a centralized destination for consumers to manage their entire financial lives. The deal is expected to close by the end of 2021.

The Paul, Weiss team is led by corporate partner Laura Turano and includes, among others, partners Scott Barshay and John Kennedy, and counsel Jason Tyler; executive compensation partner Jean McLoughlin and counsel Cynthia Akard; tax partner Brad Okun; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; litigation partners Roberto Gonzalez and Jaren Janghorbani, and counsel Steven Herzog, Peter Jaffe and Rachel Fiorill; antitrust counsel Marta Kelly and Yuni Sobel; and environmental counsel William O'Brien.