Scholastic Passes On eToys Bid

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NEW YORK — Scholastic Corp., the world’s largest publisher and distributor of children’s books, said Monday it has not bid for any of the assets of defunct retailer eToys and will not purchase the bankrupt firm’s inventory. EToys filed for bankruptcy protection on March 7.

In a statement released late Monday, Scholastic said the acquisition of “selected eToys assets did not meet the company’s threshold for accelerating or reducing the costs of its Web initiatives.”


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