Luxury real estate brokerage Douglas Elliman could find itself with a new owner following a takeover offer from a competitor, Bloomberg reported, citing people familiar with the matter. 

Anywhere Real Estate, formerly known as Realogy, made a bid for the company that would value it at more than $4 per share, according to one of the sources.  

Despite the offer being almost double the $2.14 share price the company was hovering at before the takeover rumor became public May 23, Douglas Elliman is unlikely to make a deal at that valuation, the source said.  

Douglas Elliman’s stock price has plummeted since it was spun off from Vector Group Ltd. at the end of 2021 with a valuation of more than $12 per share. 

Douglas Elliman and Anywhere declined to comment on the merger rumors.  

Douglas Elliman operates under its eponymous brand in high-end markets like New York and Miami, while Anywhere owns a host of brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Corcoran, ERA and Sotheby’s International Realty. 

Douglas Elliman had revenue of about $1 billion in 2024, while Anywhere generated roughly $5.7 billion.