Billionaire Bids $890 Million To Save Toys “R” Us From Bankruptcy

Earlier in April, Toys “R” Us announced all of its US locations were going out of business, but now an American billionaire is stepping in to help save the fate of the brand.

Isaac Larian, CEO of the toy company MGA Entertainment, bid $890 million for more than 300 Toys “R” Us stores in the US and Canada, according to Business Insider.