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EN
Compass’ merger with Anywhere Inc. will reshape global real estate
['Mickey Alam Khan']
Inman Real Estate News
CEO Mickey Alam Khan writes that with its new merger, Compass will finally achieve its goal to become the Amazon of real estate.
The race to become the Amazon of global real estate just got tighter.
Compass’ plans to absorb archrival Anywhere Real Estate, owner of such storied brokerages as Sotheby’s International Realty and Coldwell Banker, will give it unsurpassed clout in global real estate sales and purchases with a combined valuation of $10 billion.
The deal comes after Compass earlier this year bought competitor Christie’s International Real Estate for $444 million.
Both Compass and Anywhere were leaders in the global real estate market.
['compass'
'combined'
'technology'
'global'
'real'
'market'
'luxury'
'merger'
'brands'
'reshape'
'deal'
'estate']