Brookdale Senior Living (BKD) in Acquisition Talks with Zhonghong Zhuoye Group - Reuters

June 13, 2017 11:33 AM EDT

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(Updated - June 13, 2017 11:38 AM EDT)

Brookdale Senior Living (NYSE: BKD) is in talks to be acquired by Zhonghong Zhuoye Group, the same group that bought a stake in SeaWorld (NASDAQ: SEAS) last month, Reuters reported citing people familiar with the matter.

Brookdale Senior entered into exclusive negotiations with Zhonghong after it made an offer of around $3 billion, which was substantially above other offers, the report said.

Negotiations are ongoing and a deal may not be forged, the report added.

Brookdale and Zhonghong did not immediately respond to requests for comment.

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