HOUS News & Events

Compass (COMP) closed its acquisition of Anywhere Real Estate (HOUS) after leadership at the Justice Department overruled staff concerns that the deal could hurt competition, Leah Nylen and Alexandra Levine of Bloomberg report, citing people familiar with the matter. The Justice Department's antitrust staff had recommended an investigation of the combination but were blocked by senior Trump administration officials, sources told Bloomberg.

Compass (COMP) announced earlier the completion of its all-stock combination with Anywhere Real Estate (HOUS). "Following the merger, the two companies are coming together with a collective vision to become the best company in the world at empowering real estate professionals with everything they need to succeed and realize their entrepreneurial potential," the company stated. Chairman and CEO, Robert Reffkin, who will lead bringing the two companies together under Compass International Holdings, said, "Our collective vision is to become the best in the world at empowering real estate professionals with everything they need to realize their entrepreneurial potential. What makes this moment unique is not a transaction that combines two companies - it's that the industry's most respected brands and professionals are coming together on a single, modern technology platform that will help them save time, grow their business, and better serve their clients."