Compass-Anywhere Brokerage Deal Would Hurt ...

Compass-Anywhere brokerage deal would hurt ...

Democratic Senators Center Consumer Issues in Letter Opposing Compass-Anywhere Deal

The proposed deal for Compass to acquire Anywhere was almost certain to draw regulatory scrutiny from the beginning, due to the size and nature of the deal—nearly doubling the size of the company and consolidating somewhere around 500,000 annual transactions and 100,000 agents under one roof. What that scrutiny might look like became more clear… The post Democratic Senators Center Consumer Issues in Letter Opposing Compass-Anywhere Deal appeared…

Senators urge antitrust scrutiny of Compass-Anywhere $1.6B Deal

Warren and Wyden cautioned the proposed merger of the residential giants could hurt transparency and competition in the market

Lawmakers sound the alarm about Compass-Anywhere deal

Two Democratic senators are calling on the DOJ and FTC to “closely scrutinize” the $1.6B mega-merger to make sure it doesn’t violate antitrust law.

U.S. senators say Compass-Anywhere deal would hurt homebuyers

Two senators say Compass’ $4.2B bid for Anywhere could raise broker fees, restrict listings and hurt homebuyers struggling with high housing costs.

Senators urge antitrust review of Compass-Anywhere merger

Two U.S. senators are asking antitrust officials to consider blocking Compass’s proposed acquisition of Anywhere.  In a letter sent Wednesday to antitrust officials at the Department of Justice (DOJ) and Federal Trade Commission (FTC), Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) argue that the acquisition could harm homebuyers by contributing to higher broker fees and limiting access to property listings.  “The combined reach of Comp…