Toys “R” Us has made headlines as of late with news of its bankruptcy proceedings and talk of impending U.S.-based liquidations in the coming weeks ahead. However, in a last-ditch effort to help save the drowning operations, billionaire toy tycoon Isaac Larian put up a bid totaling $890 million USD to keep over 300 stores throughout the U.S. and Canada from closing.
According to a previous LinkedIn post, Larian stated, “OK. I followed through on my part. Now it’s up to them to accept. Time is of the essence.” The MGA Entertainment CEO even went as far as tagging President Trump’s twitter handle in another post — acknowledging his interest in saving 130,000 jobs.
If the bid pushes through, funds to save the stores would be pooled from Larian’s own personal finances, additional investors and bank financing.