FINANCE

Toys ‘R’ Us’ Asian business receives multiple bids

BY CSA Staff

The Asian business of Toys “R” Us is generating lots of interest.

The bankrupt retailer, which is the process of liquidating its U.S. operations, has received multiple offers of more than $1 billion for its Asian business, Bloomberg reported. The offers are for the 85% stake Toys “R” Us owns of its Asian unit.

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