HNA 'in talks' to gain control of Forbes

HONG KONG - Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of Forbes magazine's publisher, two sources with knowledge of the matter said.

Hong Kong-based Integrated Whale Media Investments - which holds a 95 percent stake in Forbes Media - is also in talks with another Chinese media firm and is scouting for more potential buyers for most or all of its stake, said one of the sources.

HNA - which ranked 353rd in the 2016 Fortune 500 - has been in discussions for a couple of weeks with IWM for a deal worth at least $400 million, said the source.