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Toys R Us woes; Obamas eye Netflix pact; Fb’s music, baseball offers

Extra troubles

for Toys R Us

Toys R Us is making ready for a liquidation of its bankrupt U.S. operations after thus far failing to discover a purchaser or attain a debt restructuring deal, based on individuals conversant in the matter. The chain’s U.S. division entered chapter in September, planning to emerge with a leaner enterprise mannequin and extra manageable debt. A brand new $three.1 billion mortgage was obtained to maintain the shops open throughout the turnaround effort, however outcomes worsened greater than anticipated throughout the holidays, casting doubt on the chain’s viability.

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