Toys ‘R’ Us got $1 billion in bids for 85 percent of its Asian business, lawyer says

Toys ‘R’ Us got $1 billion in bids for 85 percent of its Asian business, lawyer says

Qilai Shen | Bloomberg | Getty Images

A couple looks at a baby walker at a Toys R Us store in Shanghai, China.

Retailer Toys ‘R’ Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business, its lawyer Joshua Sussberg said at a U.S. bankruptcy court hearing on Wednesday.

Sussberg said the company, which is liquidating or selling its operations, is also in advanced discussions with a buyer for its Central European business.

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