Complex sentence: Davis founded LaFace Records with L.A. Reid and Babyface and LaFace Records became the home of TLC, Usher, Outkast, P! nk and Toni Braxton.
Split into simpler sentences: Davis founded LaFace Records with L.A. Reid and Babyface. LaFace subsequently became became the home of TLC, Usher, Outkast, P! nk and Toni Braxton.