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The Honey Pot Company Enters Partnership With Compass Diversified To Further Its Commitment To Plant-Derived Wellness

Over a decade after creating the first plant-derived vaginal care system, Beatrice Dixon has embarked on a new chapter for her company.

Ngozi Nwanji

Jan 16, 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.

Samantha Dorisca

Dec 18, 2023

Minority-Owned Private Equity Firm FVLCRUM Acquires Burrell Communications Group

FVLCRUM, a minority-owned private equity firm, and corporate attorney Channing Johnson have acquired multicultural advertising agency Burrell Communications Group.

Samantha Dorisca

Oct 27, 2023

LeBron James' SpringHill Co. Reportedly 'Discussed' Offering Roughly $100M To Buy Complex Networks

LeBron James’ SpringHill Company could be looking to purchase Complex Networks.

Samantha Dorisca

May 5, 2023

Greenwood Acquires Mobile Banking Platform Kinly To Increase Generational Wealth In Black Families

In a move aimed at building generational wealth for minorities, Greenwood has made its third acquisition over the last year. Courtesy of Greenwood

Samantha Dorisca

May 2, 2023

Pierre 'P' Thomas And Kevin 'Coach K' Lee's Quality Control Acquired In A Reported $320M Deal

One of today’s top independent Hip-Hop labels — which is behind talents such as Lil Baby, Lil Yachty, City Girls, and Migos — has reached an agreement for an acquisition.

Ngozi Nwanji

Feb 9, 2023

Dr. Dre To Sell Catalog Assets In A Deal Worth More Than $200M, Report Says

During Super Bowl LVI, rap legend Dr. Dre was tasked with putting on an awe-inspiring halftime show, and he accepted the challenge. Electrifying So-Fi Stadium, he brought on fellow musicians and artists Mary J. Blige, 50 Cent, Kendrick Lamar, Snoop Dogg, and Eminem. via GIPHY For weeks, Dre had fans talking about the performance’s impact and what it meant for Black culture and the rap genre. Fast forward to weeks before Super Bowl LVII, Dr. Dre is not performing again, but he is still making headlines.

Josh Rodgers

Jan 12, 2023

Public Enemy’s Chuck D Sells Stake In His Catalog To Reach Music Publishing

It’s a great moment in time for Chuck D. The Public Enemy frontman recently sold a stake in his music catalog to his publisher, Reach Music.

Samantha Dorisca

Sep 14, 2022

West African Startup MainOne To Get Acquired By Equinix For $320M

To expand its horizons, Equinix has acquired West African telecommunication service and network solutions provider, MaineOne. TechCrunch reports the $320 million acquisition is projected to close in the first quarter of 2022. The news follows a year after Equinix acquired GPX India for $161 million and Bell Canada for $780 million back in June 2020. Now, Equinix firmly believes its newest acquisition in Nigeria, Ghana, and the Ivory Coast will be a preliminary step to solidify its presence as an African digital infrastructure company. “The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market. MainOne’s leading interconnection position and experienced management team represent critical assets in our aspirations to be the leading neutral provider of digital infrastructure in Africa,” said Charles Meyers, the president and CEO of Equinix, in a statement, according to TechCrunch. “MainOne’s...

Samantha Dorisca

Dec 7, 2021

Virgil Abloh Is Getting 'A Seat At The Table' Through LVMH's Majority Stake In Off-White™

Moët Hennessy Louis Vuitton (LVMH) is giving Virgil Abloh’s Off-White™ brand the ultimate co-sign to forge one of the most powerful partnerships in the fashion world. According to a press release, LVMH has announced that the conglomerate has acquired a majority stake of 60 percent in Off-White™ — Abloh’s popular luxury streetwear brand he founded in 2013. Together, the two will expand new and existing brands beyond the fashion umbrella. The acquisition deal has the potential to make Abloh the most powerful Black executive at the world’s most powerful luxury goods group. The New York Times reports that Abloh’s new leadership role will include working across various categories such as wine and spirits — Krug, Dom Pérignon and Hennessy, among 30 brands); hospitality (over 50 hotels); smashing silos and bringing in more diverse voices to a variety of brands. “I’m getting a seat at the table,” Abloh told the outlet in a Zoom interview. “The idea is to develop a trajectory I wish I had...

Njera Perkins

Jul 20, 2021

Jay-Z’s Roc Nation Invests In Blackstone's Acquisition Of A $500M Collectibles Company

Jay-Z might be the new go-to source for all things authenticated in the collectibles space. According to Business Insider, the music and business mogul’s Roc Nation company has just invested in the transaction of Blackstone’s acquisition of the Certified Collectibles Group (CCG) — a company that authenticates collectible items such as comic books, magazines, trading cards and other items — which now values the company at more than $500 million. The outlet reports that CCG estimates it has certified over 62 million of its collectibles, with a combined fair market value reaching roughly $50 billion. Blackstone — which Bloomberg describes as the world’s largest alternative investment firm — also reports that its shares were up 0.3 percent last Friday (July 2) and now hopes to “develop CCG’s digital presence, add employees, and branch CCG’s geographic reach.” In addition to Roc Nation, other investors in the acquisition include but are not limited to Fanatics founder and executive...

Njera Perkins

Jul 6, 2021

Spotify Acquires Black-Led Betty Labs As It Plans To Host More Live Audio Conversations

Spotify will soon host live audio conversations following its acquisition of Betty Labs, creators of the Locker Room app. Spotify shared the news in a press release, stating that this deal builds on its plans to create the “future formats of audio” and make its own original live audio content. Spotify will spend the next few months expanding the Locker Room app to offer more enhanced live audio experiences to attract more creators and fans. “Creators and fans have been asking for live formats on Spotify, and we’re excited that soon, we’ll make them available to hundreds of millions of listeners and millions of creators on our platform,” Spotify Chief Research and Development Officer Gustav Söderström said in a statement. “The world already turns to us for music, podcasts, and other unique audio experiences, and this new live audio experience is a powerful complement that will enhance and extend the on-demand experience we provide today.” Founded by Howard Akumiah in 2018, Betty Labs...

Michelai Graham

Apr 15, 2021

Swizz Beatz and Timbaland's Verzuz Platform Gets Acquired By Triller Network

Verzuz is coming up on its one-year anniversary, so now is the perfect time for the groundbreaking livestream music platform to take it to the next level. In an exclusive from Billboard, the outlet shares that co-creators and Grammy-winning producers Swizz Beatz and Timbaland have joined the Triller management team in an equity deal where the network — also the parent company of the Triller app — has acquired Verzuz. Verzuz, the livestream platform created by @THEREALSWIZZZ and @Timbaland , has been acquired by @Triller 's parent company — billboard (@billboard) March 9, 2021 “There is no more disruptive and innovative brand in music today than Verzuz,” said Bobby Sarnevesht — executive chairman and co-owner of Triller — in a reported statement. “Both Triller and Verzuz share the ‘artist first, music first’ vision. We view this acquisition as more of a partnership than an acquisition, as Swizz, Timbaland and the other 43 artists who are all becoming...

Njera Perkins

Mar 9, 2021