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Toys R Us to buy FAO Schwarz. The venerable toy retailer and backstop for Apple's flagship store has been owned by investment firm D.E. Shaw since filing for bankruptcy a few years ago. As part of the deal, TRU is expected to swap its Times Square ferris wheel for FAO's giant piano keyboard. [Bloomberg]

Toys R Us to buy FAO Schwarz. The venerable toy retailer and backstop for Apple’s flagship store has been owned by investment firm D.E. Shaw since filing for bankruptcy a few years ago. As part of the deal, TRU is expected to swap its Times Square ferris wheel for FAO’s giant piano keyboard. [Bloomberg]

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