L'Oreal to buy Chinese skincare firm Magic Holdings

L'Oreal, the world's biggest cosmetics maker, has offered to buy Chinese skincare firm Magic Holdings International. L'Oreal will pay $6.5bn Hong Kong dollars ($843m; £539m) in cash for Hong Kong-listed Magic, the companies said in a joint statement. via Pocket http://www.bbc.co.uk/news/business-23721935