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Toys-R-Us is turning down an L.A. billionaire’s bailout bid.  A source with knowledge of the situation told Bloomberg that Isaac Larian’s offer didn’t qualify under auction rules set by the judge overseeing the company’s bankruptcy.  There were reportedly two other offers for the toy firm’s Canadian operations, which also didn’t qualify.  Larian had offered to pay 675-million-dollars for the toy retailer’s U.S. stores and 215-million-dollars for the Canadian outlets.  The New Jersey-based company filed for bankruptcy in September.

So who’s next to try and save Toys ‘R’ Us?

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