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    California toy mogul Isaac Larian gives up on bid to buy hundreds of Toys R Us stores

    by Jaclyn Cosgrove, Los Angeles Times May 21, 2018 3 minutes

    California toy mogul Isaac Larian said Monday he has given up his effort to buy several hundred Toys R Us stores from the bankrupt retailer after he and the company's debt holders were unable to reach an agreement.

    A group of investors led by Larian, founder and chief executive of MGA Entertaintment Inc., had submitted a $675 million bid on April 13 for 274 of the 735 U.S. and Puerto Rican stores the retailer is liquidating.

    The bid was rejected by the Wayne, N.J., retailer as inadequate,

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