$10B Compass And Anywhere Merger Faces State Antitrust Probe
The New York attorney general’s antitrust office is investigating the merger between Compass and Anywhere Real Estate that created a $10B residential brokerage titan.
The merger was announced in September but closed earlier this year, creating a giant in the space with some 340,000 real estate professionals. The attorney general’s office could pursue legal action to force Compass to sell assets if its investigation finds that the deal, which combined the first- and second-largest residential brokerages, ran afoul of antitrust law.