A
fter the deal closes, Compass shareholders will hold roughly 78 % of the merged entity on a fully diluted basis, while Anywhere shareholders will own about 22 %. The all‑stock merger, announced on September 22, 2025, values the combined company at roughly $10 billion, including debt assumption, and is slated to close by year‑end. Ahead of the close, Anywhere Real Estate shares surged 51 % pre‑market, whereas Compass shares fell over 12 %. Both companies will issue new shares to fund the merger, and the combined firm will operate under the Compass name.