Compass, Inc. and Anywhere Real Estate Inc. have announced a definitive merger agreement to combine forces in an all-stock transaction valued at approximately $10 billion.

Target Company Overview

Compass, Inc. (NYSE: COMP) is a leading technology-enabled real estate services platform based in New York City, recognized as the largest residential real estate brokerage in the United States by sales volume. Launched in 2012, Compass provides an integrated end-to-end platform that empowers its residential real estate agents, equipping them with essential tools for effective customer relationship management, marketing, and business operations. With a robust network that includes Christie's International Real Estate, Compass supports over 100 independently owned brokerage affiliates across 50 countries and territories.

Anywhere Real Estate Inc. (NYSE: HOUS) plays a critical role in the real estate sector by offering a broad range of integrated services, encompassing franchise operations, brokerage, relocation, title, and settlement businesses. Established brands under Anywhere such as Coldwell Banker, CENTURY 21, and Sotheby's International Realty are widely recognized in the industry. This amalgamation of services allows Anywhere to empower over 300,000 affiliated agents and supports its franchise owners globally in providing exceptional service to consumers.

Industry Overview in the United States

The United States real estate industry is currently undergoing a significant transformation, driven largely by technological advancements that are redefining the way transactions occur within the market. As consumers increasingly rely on digital platforms for