Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
The move comes three years after the Forbes family, which founded the American financial magazine 100 years ago, gave up its controlling stake in Forbes Media to IWM.
IWM and Forbes Media declined to comment, while HNA didn`t respond to a Reuters request for comment.
Last year, China Central Television, the country`s largest TV network, said it would launch a new global media platform to help re-brand China overseas.
HNA, which has more than $100 billion in assets, has been on an acquisition spree expanding out of its traditional business of aviation and logistics into financial, media and cultural sectors.
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