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https://www.bloomberg.com/news/articles/2018-04-17/toys-r-us-is-said-to-reject-rescue-offer-from-mga-s-larian:/
I haven't seen any information why the bid was rejected, aside from the fact that it doesn't meet the criteria necessary for a successful bid, what ever that means.
Quote from: Khoufu on April 18, 2018, 10:33:53 AMI haven't seen any information why the bid was rejected, aside from the fact that it doesn't meet the criteria necessary for a successful bid, what ever that means.It probably means that he wasn't offering enough money. Now he could offer more money or bid on less stores and see if that gets approved. I don't think a "monopoly" is an issue since even if he was only going to stock MGA products it's not like specialty stores tied into a single brand don't exist. If anything making MGA-centric stores Could spur Mattel and Hasbro to have their own experiental store presence similar to the Lego Stores.
Quote from: Wardah on April 18, 2018, 01:03:09 PMQuote from: Khoufu on April 18, 2018, 10:33:53 AMI haven't seen any information why the bid was rejected, aside from the fact that it doesn't meet the criteria necessary for a successful bid, what ever that means.It probably means that he wasn't offering enough money. Now he could offer more money or bid on less stores and see if that gets approved. I don't think a "monopoly" is an issue since even if he was only going to stock MGA products it's not like specialty stores tied into a single brand don't exist. If anything making MGA-centric stores Could spur Mattel and Hasbro to have their own experiental store presence similar to the Lego Stores.I tend to agree with this.
Larian's bid apparently did not match the liquidated value of the assets he was attempting to buy, insiders said.Toys R Us, under bankruptcy law, has a responsibility to its creditors to maximize the value of its assets in order to pay off its debts."It's all about the dollars," said veteran toy journalist Jim Silver, editor of toy review website TTPM. "The court has no emotional ties to the decision. It's about the liquidated value."