You can read the standard press release or read Homestead CEO Justin Kitch’s blog post (read the blog post).
The press release states that it is a cash transaction valued at approximately $170 million.
For those of you who don’t know Homestead, the company allows small businesses to quickly and easily create a professional website for just $4.99/month. Homestead Storefront goes a step further and allows for ecommerce transactions. I believe that Homestead is the largest ProStores reseller on the net, but don’t quote me on that.
Homestead is a true dot com survivor and winner. Congrats to Justin and his team on the acquisition!
Full Disclosure: My brother, Craig Sherman, is on Homestead’s BOD.
