Softbank to Invest $57 Million in Toysrus.com
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Bloomberg News
Toys R Us Inc. said Japan’s Softbank Corp. has agreed to invest about $57 million for an undisclosed stake in the toy chain’s Internet business and pay an additional $10 million for warrants. The warrants would allow it to buy 1.2 million Toys R Us shares at $13 each. Three other investment firms, Blackstone Group, KKR & Co. and Evercore Partners, also agreed to invest undisclosed amounts. Shares of Paramus, N.J.-based Toys R Us closed unchanged at $11.50 in NYSE trading.
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