Toy Company Expected to Pay $890 Million for Toys ‘R’ Us in Canada and the U.S.
Since Toys ‘R’ Us announced store wide closures in the United States, many have been wondering what exactly is going to happen with Toys ‘R’ Us Canada.
According to the Financial Post, it seems as if the struggling retailer might have a buyer in the works. Toy company MGA Entertainment has recently put in a US$890 million bid for Toys ‘R’ Us stores in the U.S. and Canada.
The bid is broken down into US$675 million for stores in the United States and US$215 million for stores in Canada.
While the deal is still in its infancy it will be interesting to see how Toys ‘R’ Us stores in Canada end up shaking out.
Source: The Financial Post