Toys "R" Us reportedly rejects takeover bid for U.S. stores

Illustration: Sarah Grillo / Axios

The lender group controlling Toys "R" Us has rejected an $890 million offer from billionaire Isaac Larian that would have involved the takeover of over 200 U.S. stores and more than 80 Canadian stores, according to multiple media reports.

Why it matters: A lot of jobs are at stake here, and the lenders seem uninterested in saving them.