March 16, 2018
Stories this photo appears in:
Toys R Us has rejected MGA Entertainment Inc. Chief Executive Isaac Larian’s $890 million dollar bid to acquire some of the bankrupt retailer’s stores in the U.S. and Canada, according to media reports.
Isaac Larian, the chief executive of MGA Entertainment Inc. in Van Nuys, put in a nearly $900 million bid Friday to purchase Toys R Us stores in the U.S. and Canada.
Isaac Larian, chief executive of Van Nuys toy manufacturer MGA Entertainment Inc., has along with unnamed investors pledged $200 million to an online public crowdfunding campaign he created to save Toy R Us as it files for bankruptcy.
MGA Entertainment Inc. and a group of affiliated investors have made a bid to acquire the operations of bankrupt Toys R Us in Canada.