Disney buys Toys R Us for $4.6B
Posted On July 29, 2021
Disney has agreed to buy Toys R.
Us for $3.5 billion, the company said.
The purchase will allow Disney to open the first retail store in the U.S. and expand its offerings into online and video-game genres.
The deal closes Disney’s purchase of Toys RUs and also completes the purchase of the remaining Toys R, Us stores, the Wall Street Journal reported.
Disney is the first major retail company to buy a toy company, the Journal said.
The deal is Disney’s largest in retail history and the largest-ever to be completed by a single retailer.
The company said the purchase will open the company’s largest toy store in North America, and will help Disney further expand its video-games and online offerings.
Disney said the deal will bring $1.9 billion in synergies to Disney and its shareholders over the next two years.
The retailer said it expects its online store to generate an additional $5 billion in annual revenue.
According to the Journal, Disney plans to retain the remaining stores at the current location, while it plans to expand its store in Chicago.
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