China's Forbes is in talks over the potential purchase of the controlling stake of HNA Group magazine, say sources. Whale Media Investment (IWM), which holds 95% of HNA Group Media, is also in talks with another Chinese firm and looking for other possible buyers for most or all of its stake. Forbes has over $100bn in assets and has been on an acquisition spree, expanding from aviation and logistics into financial, media and cultural areas.
China's HNA Group is in talks over the potential purchase of the controlling stake of Forbes magazine, say sources. Whale Media Investment (IWM), which holds 95% of Forbes Media, is also in talks with another Chinese firm and looking for other possible buyers for most or all of its stake. HNA Group has over $100bn in assets and has been on an acquisition spree, expanding from aviation and logistics into financial, media and cultural areas.