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How Cosmetic Chemist Ron Robinson Played A Role In Rhode’s Rise And The Beauty Brand's Billion-Dollar Acquisition

Cosmetic chemist Ron Robinson is part of the team at recently acquired beauty brand Rhode. According to Beauty Matter, Robinson has been creating top-selling skincare products for over 30 years, despite not being very familiar with the beauty industry while growing up. Initially, he aspired to become a doctor and studied biology and chemistry at Adelphi University. His plans took a pivot after he completed one year of medical school when he joined Estée Lauder as a product development manager in the Clinique division. He held that role for eight years starting in 1990, his LinkedIn mentions. “My mom was disappointed about me dropping out of med school, but she forgave me because I was a cosmetic chemist gifting her products that I made,” Robinson told Beauty Matter. “The delight and joy that she saw in getting those products and using them has been fuel for me to keep me constantly looking to develop new and exciting products that really delight consumers.” Robinson would go on to...

May 30, 2025

Salesforce Bets Big On AI With $7.75B Informatica Acquisition

Salesforce is making a bold move in the enterprise tech space with its planned $7.75 billion acquisition of Informatica, a long-established leader in AI-powered data integration and governance, according to a press release. It’s the company’s largest deal since buying Slack for nearly $28 billion in 2021 and signals a deeper investment in artificial intelligence (AI) infrastructure. Informatica Stock Rises On Deal News Salesforce will pay $25 per Informatica share, a 30% premium over its May 22, 2025, closing price, the day before acquisition talks resumed, as The Network Journal (TNJ) reports. Informatica stock jumped nearly 6% following the announcement. The Salesforce Informatica acquisition is expected to close by February 2026, pending regulatory approval, and will be funded through cash and new debt, per the outlet. A deal was previously discussed in 2024, but the two parties could not agree on terms at the time, according to Reuters. For Salesforce, Informatica offers an...

May 28, 2025

CMO Jamie Gersch Reveals TikTok's Influence In Driving Customer Acquisition For Brands

TikTok is a home for brands to thrive. The platform, which is home to 170 million active users in the United States alone, is becoming a trusted destination. According to TikTok’s 2025 What’s Next report, 81% of users were exposed to new topics and trends that they were not aware were initially of interest to them. It’s for these reasons that the term “demure” took off in 2024. It was popularized by TikTok creator Jools Lebron through a series of witty videos and was named Dictionary.com’s 2024 Word of the Year. “It’s changed the way we shop. It’s changed the way we travel. It’s changed the way we search. It’s even changed the way we speak,” said Head of North America Business Marketing TikTok Rema Vasan during CES 2025. The Power Of Tuning Into The Comment Section Through TikTok, brands have the ability to strengthen their connection with consumers. In fact, users are primed to see their favorite brands on TikTok, with 68% affirming the importance of brands engaging in their...

Jan 23, 2025

AFROTECH™ 2024 — Honey Pot CEO Beatrice Dixon Discusses Selling Her Business, 'Because That’s How You’re Going to Get to Wealth,' Following $380M Acquisition

Beatrice Dixon has a piece of advice following the $380 million acquisition of The Honey Pot Company — It’s OK to take risks and try something new. Dixon captured the audience’s full attention during the Founder’s Summit session “Knowing When to Seize the Moment for Company Growth” at the AFROTECH™ 2024 Conference on Thursday, Nov. 14, where she shared valuable business insights. “That doesn’t mean you have to stop doing your business, but that might mean you need to also have a job, or you may need to do something different,” Dixon shared. “I just think we’re going into a time of have and have-nots, and you don’t want to be on the side of the have-nots.” @afro.tech Honey Pot CEO Beatrice Dixon had everyone hooked as she shared business tips in light of Honey Pot’s $380 million acquisition. Keep your mind open and your notepads on deck📝 More to come AFROTECH Fam 🫶🏾 #blackintech #blacktechtok #TechEmpowerment #AFROTECH24 ♬ original sound – AfroTech In January, AFROTECH™ reported that...

Nov 15, 2024

Will.i.am Joins Uproxx Studios As Partner And Investor, Which Is A Result Of An Acquisition Of Uproxx, HipHopDX, And More From WMG

Will.i.am is immersing himself further in the media landscape. According to a press release, he has joined Jarret Myer and Rich Antoniello in forming Uproxx Studios. It is described as a brand solutions studio led by influential leaders in media and music who will consider culture and push it forward. The new entity has been established following the acquisition of Uproxx, HipHopDX, Dime Magazine, and other major media assets from Warner Music Group (WMG), such as the exclusive license to represent its YouTube content. Looking ahead, Uproxx Studios and WMG will remain in collaboration to guarantee seamless execution for their partners. Antoniello, partner and executive chairman of Uproxx Studios as well as founder and ex-CEO of Complex Network, commented, “This is a game-changer. We’re merging the agility and freedom of an independent entity with the reach and resources of a major music label. This is the recipe for groundbreaking content and unparalleled brand experiences.” Uproxx...

Apr 25, 2024

Christopher Gray Opens Up About Sallie Mae's Acquisition Of Scholly And How It Led To Increased Financial Support For HBCUs

In July 2023, Scholly reached a pivotal milestone to further provide access to higher education for students who don’t have the financial means.

Feb 20, 2024

Microsoft Cuts 1,900 People From Its Gaming Division Just Months After A $69M Gaming Acquisition

A new year has arrived, but for some, it did not start as pleasant as they’d hoped, with Microsoft announcing an estimated 1,900 layoffs from its gaming division. According to CNBC, Microsoft Gaming CEO Phil Spencer announced, via a memo, that the layoffs were a part of the company’s greater “execution plan.”

Jan 25, 2024

Nigerian E-Commerce Platform Bumpa Expands Global Footprint With Acquisition Of Fyyne

Fyyne is turning a new leaf. The beauty platform created to improve the booking process for hairstylists has been acquired by Nigerian e-commerce platform Bumpa, otherwise known as the “Shopify for Africa,” according to a news release provided to AFROTECH.

Dec 18, 2023

Swizz Beatz Addresses Backlash Regarding Verzuz Acquisition Deal — 'When We Cash Out, It's All Called Selling Out'

Swizz Beatz is questioning why when Black businesses are ascending to higher heights, oftentimes they’re met with claims of selling out. That’s what he and Timbaland were accused of after the Verzuz acquisition deal.

Aug 9, 2023

Founder Necole Kane Reveals She Turned Down Offers Worth Millions For Acquisition Of Her First Brand

In the space of Black businesses, Mielle Organics has been the talk online as of late. On Jan. 11, the natural hair care company announced that it will officially partner with Procter & Gamble, as previously reported by AfroTech.

Jan 18, 2023

After Suing Triller For $28M, Swizz Beatz And Timbaland Have Reached A Settlement Agreement Over The Verzuz Acquisition

The battle of Swizz Beatz and Timbaland against Triller has officially come to an end.

Sep 23, 2022

How This Historic Acquisition Is Set To Birth The Only Black-Owned, Woman-Owned Contact Lens Manufacturer In The World

Black Pearl Global Investments is strategically making moves to improve health disparities across the globe.

Sep 6, 2022

Triller Goes Beyond Its Verzuz Acquisition As It Reportedly 'Pursues' IPO

Timbaland and Swizz Beatz stepped up to the plate during the pandemic to add some joy through the concept of Verzuz. After much success and some questionable head-to-head musical battles, Triller acquired Verzuz from the two musical icons. Oh, what a tale of American economics. Many culturalists speculated that the acquisition would water down the impact of Verzuz. Others saw Triller’s money move as an attempt to stay relevant, specifically against its ever-popular competitor — Tik Tok. Whether any of those speculations are true, Triller is in the news again. This time, the short video app filed official paperwork with the United States Securities and Exchange Commission to take the company public.

Jul 1, 2022