Toys “R” Us receives bids for Asia business: Bloomberg

Toys “R” Us Inc has received multiple offers for its Asia business, Bloomberg is reporting. The offers, of over $1 billion, are for the 85 percent stake Toys owns of its Asia unit and would include the intellectual property, the story said. Lazard is advising Toys on the bids with potential buyers including Chinese PE firms; Fung Group, which owns 15 percent of the Asian venture, has also been in talks to buy the stake, Bloomberg said.