Core Viewpoint - The merger between Compass and Anywhere Real Estate will create a combined company valued at approximately $10 billion, significantly expanding Compass' market presence and agent network [1][4]. Company Overview - Compass is acquiring Anywhere Real Estate in an all-stock transaction, which will include major brands like Century 21 and Coldwell Banker under its umbrella [1][3]. - Anywhere Real Estate operates several well-known brokerage brands and also provides relocation, title, and settlement services [3]. Financial Impact - The merger is expected to increase Compass' agent network from about 40,000 to approximately 340,000, enhancing its market share to around 18% [4]. - Compass anticipates adding over $1 billion in revenue from Anywhere's escrow, title, and other businesses, which will help lower costs and improve cash flow [4]. Market Reaction - Following the announcement, shares of Anywhere Real Estate surged over 48%, while Compass shares fell by about 16% [2]. Deal Structure - Under the terms of the merger, Anywhere shareholders will receive approximately 1.4 shares of Compass, valuing Anywhere's shares at $13.01 each, representing an 84% premium over its previous closing price [7].