MGA CEO has closed the crowdfunding campaign, stating that all contributions will be returned. 

The GoFundMe campaign, which was launched in March with a fundraising goal of $800m from public donations, drew to a close last night.

In a statement posted on the #SaveToysRUs campaign page, Isaac said: “I’m thankful for the outpouring of support the campaign to Save Toys R Us has received from the community and I’m working behind the scenes to ensure this retailer has a future here in the US. I’ve decided to end the GoFundMe campaign and return all contributions so that I can focus my efforts on saving this American icon. My goal is and always was to preserve Toys R Us and save over 130,000 jobs. The GoFundMe campaign generated worldwide awareness and cast a spotlight on the need for Toys R Us to live on for future generations. I’m happy that Toys R Us Canada, Europe and Asia will all be saved thanks to companies like Fairfax, who have stepped in to fund and grow the international entities. This is excellent news for the toy industry, and inspires me and my investors to continue the fight to save Toys R Us in the US.”