Ghille suit, rare flowers, shoulder mount otter. Stay about 10 foundation lengths away from the hive and shoot until hive explodes. Giant bees will explode themselves before they get to you & otter will kill those that dont die first. When hive explodes, queen will be hovering...give her ichthyornis kibble or rare flowers to tame. Take to your camp and the hive will make honey, but DO NOT check for the honey without wearing a ghillie suit...still, you will start to lose health slowly if you stay too close to it for too long.
ALWAYS break the hive with ranged attacks. If you choose to melee it,drones will continuously spawn from it infinitely, and they will repair the hive, so best to shoot it down and kill all the drones before attempting a tame. Oh, and the queen will spawn more drones periodically, so bee careful.