Compass ( (COMP) ) just unveiled an update.
Compass Inc. has entered into a merger agreement with Christie’s International Real Estate and @properties, aiming to accelerate growth in the real estate market. This merger will create a powerful network across 50 countries, integrating @properties’ extensive U.S. operations and Compass’s technology-driven platform. The deal, valued at $150 million in cash and shares, is expected to enhance service offerings, including title and mortgage businesses, empowering independent brokerages globally while aligning with Compass’s strategy to expand high-margin services.
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