00:00Compass is acquiring rival Anywhere Real Estate in a $1.6 billion all-stock deal,
00:06signaling a major consolidation amid slumping home sales.
00:09The merger is set to create a real estate powerhouse valued at around $10 billion, including debt.
00:16Anywhere brings major brands like Century 21 and Corcoran with 300,000 agents,
00:21while Compass adds 40,000 more.
00:23Despite the scale, the combined company will still compete with over 100,000 real estate firms across the U.S.
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