By  on January 16, 2019

The fate of Sears Holdings seems to have been determined — at least for now.

Eddie Lampert and his hedge fund ESL Investments won a bid this week to save the 126-year-old retailer from liquidation, according to multiple published reports. A closed-door auction began on Monday pitting Lampert and ESL against companies intent on selling off all its assets. The deal is said to keep at least most of the 425 Sears and Kmart stores open and save tens of thousands of jobs.

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