Billionaire makes bid to save Toys R Us from closing


File- This Jan. 24, 2018, file photo shows a person walking near the entrance to a Toys R Us store, in Wayne, N.J. Toys R Us’s management has told its employees that it will sell or close all of its U.S. stores. That’s according to a toy industry analyst who spoke to several employees who […]

Billionaire Isaac Larian is making a bid to take save toy giant Toys R Us.

Larian, who runs Toymaker MGA Entertainment, wants to buy more than 280 locations in the US and Canada.

Toys R Us announced in March that it would shut down or sell all its US stores but Larian says the liquidation would have a negative impact on the industry.

His vision for the toy chain includes turning the stores into entertainment hotspots similar to Disneyland.

Toys R Us declined to comment.

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