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Toys ‘R’ Us Receives Bids of Over $1 Billion for Asian Business

Photographer: Scott McIntyre/Bloomberg
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Toys “R” Us Inc. has received multiple bids of over $1 billion from prospective buyers of its Asian business, a lawyer for the company said Wednesday in bankruptcy court.

The offers are for the 85 percent stake Toys “R” Us owns of its Asian unit, and would include intellectual property, according to the lawyer, Joshua Sussberg from Kirkland & Ellis.