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uxury real estate brokerage Douglas Elliman is reportedly considering a takeover offer from competitor Anywhere Real Estate, formerly known as Realogy. According to sources, the bid would value Douglas Elliman at over $4 per share, nearly double its current price of $2.14.

    However, insiders suggest that Douglas Elliman may not accept this valuation, given its stock has plummeted since being spun off from Vector Group Ltd. in 2021 with a valuation of over $12 per share. Despite the offer, Douglas Elliman's management may be hesitant to sell at such a low price point.

    Douglas Elliman operates in high-end markets like New York and Miami under its eponymous brand, while Anywhere owns a diverse portfolio of brands including Better Homes and Gardens Real Estate and Sotheby's International Realty. The two companies have declined to comment on the merger rumors.

    Financially, Douglas Elliman generated around $1 billion in revenue last year, whereas Anywhere reported roughly $5.7 billion in revenue.