It may not be too late for Toys "R" Us.Businessman and MGA Entertainment CEO Isaac Larian hopes to save the Wayne, New Jersey-based retailer with an $890 million bid on Friday."Am I crazy for doing this? May be. But let’s just do it," Larian tweeted earlier this week.Last month, Larian launched a GoFundMe campaign to save Toys "R" Us. The effort has raised more than $200 million as of press time. Larian's bid includes his own funding, bank financing, outside investors and the crowdfunding campaign. In March, the company announced it would close or sell all of its 735 U.S. stores. The company had been operating under bankruptcy protection since last fall, when it filed for Chapter 11, with $5 billion in debt.Toys "R" Us has struggled with debt since private-equity firms Bain Capital, KKR & Co. and Vornado Realty Trust took it private in a $6.6 billion buyout in 2005. CNN contributed to this report.