The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal.

At the time, high home prices and low interest rates made the concept appealing to would-be buyers. Venture capital firms also liked the idea. In 2021, Divvy raised new funding at a $2 billion ...

Buying a home, particularly for Millennials ... enough to discourage potential buyers from even trying. Enter Divvy, one of the many Silicon Valley startups working to change the way people ...

Founded in 2017, Divvy bills itself as a way to bridge the gap that aspiring home buyers struggle to cross. Many of its customers are health-care workers, teachers and independent contractors.