Opendoor to Acquire Homebuyer.Com

Dow Jones Newswires

Opendoor Technologies Inc. Series A Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $13.00 per warrant

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Opendoor Technologies Inc. Series K Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $9.00 per warrant

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Opendoor Technologies Inc. Series Z Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $17.00 per warrant

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By Elias Schisgall

Opendoor is acquiring Homebuyer.com in a push to improve the online real estate marketplace's mortgage services.

Opendoor's chief growth officer, Morgan Brown, announced the acquisition in a post on X Tuesday afternoon. He said Homebuyer.com President Dan Green is joining Opendoor as director of mortgage growth.

"We're going to fix homeownership and that includes mortgage," Brown wrote in the post.

Brown did not disclose the timeline or the financial terms of the deal. Opendoor Chief Executive Officer Kaz Nejatian did not respond to a request for comment via X Wednesday morning.

The Homebuyer.com website now leads to a page briefly announcing the acquisition and promising a "new website experience" on Jan. 15.

Write to Elias Schisgall at elias.schisgall@wsj.com

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Opendoor to Acquire Homebuyer.Com

Risk Disclosure