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Looks like our childhood may not be dead after all Live Squad! The controlling lenders of #ToysRUs are choosing to cancel the brand’s bankruptcy auction.

That’s right, the same people who wouldn’t let the toy store reorganize during bankruptcy have now decided the brand is “way too valuable” to give up. They have plans to bring the iconic toy store back to life, which also means #BabiesRUs has been saved too.

The goal is to “create new, domestic, retail operating businesses” while maintaining its licensing of certain products worldwide, according to court documents that were filed on Monday. In other words, they stopped the sale of the company’s name, logo and the famous #GeoffreytheGiraffe, because they have plans to go viral!

YAY!! Now our kids can enjoy the same excitement we did when going to Toys R Us!!!