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EN
Compass to buy rival brokerage operator Anywhere Real Estate for about $1.5 billion
['Associated Press']
News – San Diego Union-Tribune
Shares in Anywhere Real Estate soared more than 48% in afternoon trading Monday.
Compass shares slid about 16%.
Compass runs a platform for use by real estate agents in customer relationship management, marketing and other tasks.
It also operates its namesake real estate brokerage and Christie’s International Real Estate.
Anywhere Real Estate is home to several major real estate brokerage brands: Century 21, Better Homes and Gardens, Coldwell Banker, Corcoran, ERA and Sotheby’s International Realty.
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