Toys R Us 'sold for $5.7bn'

A consortium of two private-equity firms and a real estate developer has reportedly agreed to pay $5.7bn (€4.2bn) to buy all of New Jersey-based Toys R Us, the second-biggest toy retailer in the US.

The parties in the consortium are private-equity firms Bain Capital LLC and Kohlberg Kravis Roberts & Co., and developer Vornado Realty Trust, the Wall Street Journal reported in its online edition, citing sources close to the deal. All three companies will be equal partners in the acquisition, the paper said.