Compass, Inc. and Anywhere Real Estate Inc. confirmed that their shareholders voted overwhelmingly to approve the all‑stock merger agreement on January 7, 2026, with the results announced on January 8, 2026. 99% of Compass votes cast and 72.4% of Anywhere’s outstanding shares voted in favor, clearing the final shareholder hurdle. The combined company is expected to close on January 9, 2026, subject to customary closing conditions such as regulatory approvals and the completion of due‑diligence reviews.
The transaction values Compass’s technology‑enabled brokerage platform and Anywhere’s integrated title, mortgage, and franchise network in an all‑stock deal with an equity value of approximately $7.08 billion and an enterprise value near $10 billion. The merger is designed to create a diversified real‑estate services company that will control roughly 18% of U.S. residential sales volume and operate a network of about 340,000 real‑estate professionals worldwide. By combining Compass’s data‑driven tools with Anywhere’s established brands, the new entity aims to deliver cross‑sell opportunities, cost synergies, and a broader geographic footprint.
Compass CEO Robert Reffkin said the approval “confirms confidence in our shared vision to empower real‑estate professionals and accelerate the adoption of technology across the industry.” Anywhere CEO Ryan Schneider added that the deal “leverages the strengths of both companies to deliver greater value to agents, customers, and franchise partners.” Both leaders emphasized that the integration will preserve the independence of Anywhere’s leading brands while streamlining operations under a unified corporate structure.
Financially, Compass has recently raised its Q4 2025 guidance to the high end of its prior range, citing stronger-than‑expected demand for its platform and improved operating cash flow. Anywhere has faced net losses and high leverage, but the merger is expected to provide access to Compass’s capital resources and technology investments, potentially improving its balance sheet and profitability over the next 12‑18 months. Management highlighted that the combined entity will benefit from scale‑related cost efficiencies and a broader revenue mix, which should support margin expansion as the integration progresses.
Regulatory clearance was facilitated by the expiration of the Hart‑Scott‑Rodino waiting period on January 2, 2026, removing a key antitrust hurdle. The merger will still require customary closing conditions, including the completion of due‑diligence, the approval of any required regulatory filings, and the fulfillment of any other material covenants. Once closed, the new company will operate under a unified brand while maintaining the distinct identities of Compass and Anywhere’s franchise and title brands.
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