Earlier in April, Toys “R” Us announced all of its U.S. locations were going out of business, but now an American billionaire is stepping in to help save the fate of the brand.
Isaac Larian, CEO of the toy company MGA Entertainment, bid $890 million for more than 300 Toys “R” Us stores in the U.S. and Canada, according to Business Insider.
Taking to LinkedIn, Larian revealed his investment by writing "OK. I followed through on my part. Now it's up to them to accept. Time is of the essence." Larian also put up a number of tweets with the hashtag #savetoysRus, even tagging Donald Trump while saying "I want to save over 130,000 jobs."
We'll provide updates with more information as it arrives.
Now, news of an official ‘Toy Story 4’ release date made it into our weekly comments roundup. Read about it here.