Just wanted to add another article about this with a small amount of additional information regarding there being multiple offers on the table.
http://www.cbc.ca/news/business/toys-r-us-canada-1.4584120
I'm glad Toys R us is sticking around in Canada but I'm of two minds about where this goes next.
1) Toys R Us Canada could massively increase its on-line presence to become a bricks and mortar store in Canada but a on-line toy store for the world. This would be great for the Canadian operation and would ensure the store could continue to stock almost everything it does now.
2) With Toys R Us gone in the U.S. manufacturers like Hasbro could change their distribution model to focus more on direct sales like Hasbro toy shop. I wonder if this will affect the availability of toys for stores like Toys R Us.
I guess only time will tell and of course both could be true.