By Steve B. source BusinessInsider (UK), October 25, 2018 14:11:11By Steve B.:The acquisition of BlueHost was announced this morning, as the company announced it had received $3 billion in new funding, led by a $1.25bn investment from a consortium led by Goldman Sachs.
The deal comes after the company had raised $10.6 billion in a Series B round in 2016, a deal that was subsequently completed.
The BlueHost deal includes an additional $1 billion in cash, with additional $400 million in additional financing, according to a press release.
It also includes BlueHost’s technology for handling multi-tenant domain registration.
The company is expected to add additional technology to handle the registration of domain names in the future.
The announcement of the acquisition comes after BlueHost raised $1bn in a funding round earlier this year.