Fred Business News - Walt Disney Co. said Thursday it has taken over the Disney Store chain in North America from Children's Place Retail Stores, and will close about 98 stores U.S. and two in Canada.

Specific financial terms weren't disclosed, but Secaucus, N.J.-based Children's Place said it will cost the company $50 million to exit the operations, at the bottom of its estimated range of $50 million to $100 million.

Walt Disney acquired about 220 Disney Stores in the U.S. and Canada. The deal was ...   more »