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Realtor.com shares, "Brokerage giant Compass is set to become the largest residential real estate firm in the world after announcing a deal to acquire major rival Anywhere for $1.6 billion.

Compass, which also operates Christie’s, announced the acquisition on Monday, which will see it take control of Anywhere's subsidiary brands, including Century 21, Sotheby’s, and Coldwell Banker.

The all-stock deal values the combined companies at roughly $10 billion and will create what is by far the largest residential real estate brokerage in the world.

Compass says the merger will expand its reach into every major U.S. city and 120 countries, with a combined workforce of 340,000 real estate professionals globally. Compass was already the largest U.S.…

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