Toys ‘R’ Us Gets 11th-Hour Bid From Little Tikes’ Larian
- Bid of $675 million for U.S. stores, $215 million for Canada
- Bank funding comes from Bank of America and UBS, Larian says
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Billionaire Isaac Larian, the toy marketer whose lineup includes Little Tikes and Bratz dolls, offered to save part of Toys “R” Us from liquidation with an almost $900 million bid for stores in the U.S. and Canada.
Larian would pay $675 million and $215 million for outlets in Canada, he said Friday in a statement. The funds will come from Larian himself and bank financing, including UBS Group AG and Bank of America Corp., Larian told Bloomberg in an emailed statement.