Toy store giant Toys 'R' Us has received bids of more than $1 billion from prospective buyers for a majority stake in its Asia business.
The US-based firm has operations around the globe, but filed for bankruptcy protection in the US in September amid mounting debt worries and competition from online retailers.
Toys 'R' Us stores in the US and the UK are now being shut down.
However, its operations in Europe and Asia have been described as healthy.
The firm is closing in on a deal to sell its operations in Central Europe.