Rich: I can't believe we woke up at 6:30 in the morning to experience a live commercial for FAO Schwarz.

Paris Hilton took the Wall Street Journal on a tour of her childhood home, the Waldorf-Astoria hotel. She manages to do this without stepping foot in the building—and talking only about herself.

[That's FAO Schwarz toy store in Manhattan. Toys 'R Us announced today that it's bought the troubled high-end chain, which has filed for bankruptcy twice; image via Getty]

FAO Schwarz has a new owner. The investment firm that controls the legendary chain of toy stores, David Shaw's D.E. Shaw, has sold it to (Wayne, N.J.-based!) Toys 'R' Us. Terms of the deal weren't disclosed, but we'll go ahead and assume it couldn't possibly have been more than the most expensive stuffed animal on sale at the store. [Crain's]

From the Brooklyn Papers, news that FAO Schwartz may be opening a store in Park Slope. Ooh! Maybe they'll have the piano you can walk on! Of course, here are the Park Slope parents, ready to rain on our parade: