Posted by Markitoshow on July 21, 2018 03:15:50In a case that could shake up the toy industry, toy maker Markit has bought up toys and video games from Toys R Us, Amazon, and other retailers, as part of a $3.4bn buyout of toy maker Toys R U.
A video games maker Hasbro is another major buyer of toys from the company.
Markitos is in talks with retailers to acquire more video games and toys in the coming months.
It has previously bought video games for more than $1bn from retailers including Wal-Mart, Target, and GameStop.
Market research firm Forrester has predicted that the US toy market will lose about 4.4% of its market share in 2021 to 2019.
Toys R US will take a loss of about $5bn and will be forced to cut jobs, according to the research firm.