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Toys R Us prepares to liquidate US operations

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Toys R Us is preparing to liquidate its bankrupt U.S. operations, sources familiar with the matter told Bloomberg.

The move would come after the company failed to find a buyer or reach a debt restructuring deal with lenders.

The toy chain secured a $3.1 billion loan to keep stores afloat during the holidays, but sales results were worse than expected.

Read more from Bloomberg.

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