Toys 'R' Us stores in Canada, U.S. draw $890M bid The head of U.S. toy company MGA Entertainment Inc. revealed Friday that he has made a formal bid to acquire the Toys "R" Us stores in both Canada and the United States.
In a release, Isaac Larian, the CEO of MGA Entertainment, said the bid is for $675 million US to buy the U.S stores, and $215 million for the Canadian outlets.
MGA said the funds for the purchase will come from Larian's own coffers, additional investors and bank financing.
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