Billionaire wants to buy Toys R Us stores, turn them into entertainment hotspots


FILE- In this Jan. 24, 2018, file photo, a woman enters a Toys R Us store in Paramus, N.J. Toys R Us CEO David Brandon told employees Wednesday, March 14, 2018, that the company’s plan is to liquidate all of its U.S. stores, according to an audio recording of the meeting obtained by The Associated […]

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

Larian wants to buy more than 200 Toys R Us locations in the US for $675-million. He is offering $215 million for more than 80 stores in Canada.

Larian owns toymaker MGA Entertainment. He plans to use a combination of financing, investors and his own money.

Toys-R-Us filed for bankruptcy last fall. The company said in March that it would shut down or sell all of its US stores.

Larian said the liquidation of Toys R Us would have a negative impact on the industry.

His vision for the chain includes turning the stores into entertainment hotspots.

“Imagine a mini Disneyland in each neighborhood,” said Larian.

Toys-R-Us declined to comment on the proposal.

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