Internet Service Provider and eCommerce Solutions company, Destra Corporation Limited makes announcement that BlueFreeway Ltd has acquired its web hosting division ‘Destra Hosting’ for an expected $20 million.

Destra Corporation Limited will get $18 million in cash and the remaining $2 million in BlueFreeway shares including a public float and listing of Blue Freeway on the ASX.

Destra will expend the yielded funds to reinforce destra’s balance sheet and for purchasing profitable digital media businesses, Destra CEO, Domenic Carosa said.

Chairman Carl Olsen added, “Given that destra will also be a shareholder in BlueFreeway, it is the intention that BlueFreeway and destra Corp will enter into a strategic alliance for co-marketing and reciprocal provision of hosting and communication services, as well as online media services.”