Blackstone nears take-private deal for L'Occitane, Bloomberg News reports

-Blackstone Inc is nearing a take-private deal for Hong Kong-listed skincare company L'Occitane International SA, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The U.S. private equity giant may join hands with L'Occitane billionaire owner Reinold Geiger, according to the report. Austrian billionaire Geiger, the controlling shareholder of L'Occitane, had decided against a deal to take the company private last September, triggering a drag in the shares. -- Senior Israeli officials said progress has been made in negotiations for a cease-fire in Gaza that would include the release of hostages and Palestinian prisoners, a move that drew criticism from far-right ministers who threatened to bring down the government.

Trump Media CEO Devin Nunes said the parent company of the former president’s Truth Social platform is “well positioned” to turn profitable in response to recent criticism.

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