Real Estate
Compass to Buy Christie’s International in $444 Million Deal
- Deal includes brokerage and title and mortgage businesses
- Acquisition is expected to close in the first quarter
A Compass office in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Compass Inc. agreed to buy Christie’s International Real Estate and other businesses in a transaction valued at $444 million.
Compass will pay for the deal with $150 million in cash and $294 million in Compass stock, according to a statement Monday. The acquisition, which includes brokerage owner @properties, will help Compass build out an international presence.