Toy Maker Plans Toys 'R' Us Bid After Longshot Crowdfunding Campaign

GETTYSeveral Toys R Us stores were shut down after the company went into administration in February

GETTYSeveral Toys R Us stores were shut down after the company went into administration in February

Toys "R" Us has struggled with debt since private-equity firms Bain Capital, KKR & Co. and Vornado RealtyTrust took it private in a $6.6 billion buyout in 2005.

The CEO of MGA Entertainment, a Los Angeles-based privately held toy and entertainment company responsible for such brands as Little Tikes and L.O.L. Surprise, is bidding to buy the Toys "R" Us stores in the USA and Canada, it was disclosed Friday.

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Based in Van Nuys, Calif., MGA Entertainment owns the Bratz, Little Tikes and Num Nums brands. Larain would use a combination of his own money, financing and investors to foot the bill.

Billionaire toy tycoon Isaac Larian has made a last-minute effort to save Toys R Us from going out of business. "The industry will truly suffer", Larian said. He is offering $215 million for more than 80 stores in Canada.

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A Twitter photo publicized by the police department even showed a Toys R Us sign that had been painted over so it read, "Raves R Us".

As a result of the massive party on March 31, dubbed "Raves R Us", Hounslow Police learned of the "unlicensed music event", raided the place, seizing a sound system, and ended up with five people arrested. The planned liquidation would have a bigger impact on smaller toy companies that had relied on the chain more heavily.

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Meaning if you don't take action, or are confused by the prompt, you'll give up data you don't want to. But I think we try to move as quickly as possible, and I can follow up or have my team follow up".


Larain runs toy-maker MGA Entertainment.

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