Chinese conglomerate Zhonghong Zhuoye Group is close to agreeing to a deal for New York-listed Brookdale Senior Living, according to two people with knowledge of the matter.
One person involved in the deal said an agreement could be reached in the coming days but stressed it was not yet finalised. The sale could fetch more than $4bn, the person said.
Chinese regulators have slowed outbound investment in recent months and people familiar with the situation have said it is still difficult for companies to win approval for multibillion-dollar acquisitions overseas.
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