BlueFreeway To Acquire Destra Hosting

[outsourcingplans]

Expected to comprise $18 Million cash and approx $2 million in BlueFreeway shares, including a public float and listing of Blue Freeway on the ASX.


Destra Corporation Limited, a digital media company, announced today that it is divesting its web hosting division Destra Hosting to an entity BlueFreeway Ltd for an expected $20 million subject to Blue Freeway listing on the ASX.

Digital and interactive marketing communications company, BlueFreeway, will acquire Destra Hosting for a consideration expected to comprise of $18 Million cash and approx $2 million in BlueFreeway shares, pending a number of conditions precedent, including a public float and listing of Blue Freeway on the ASX this year or early next, says the company.

Destra CEO, Domenic Carosa said, "The capital generated from the sale of destra Hosting will be used to further strengthen destra's balance sheet and used for acquisitions of profitable digital media businesse -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --