SEARS PROBABLY WON’T BE COMPLETELY LIQUIDATED THANKS TO THE BANKRUPTCY BIDDER WHO JUST AGREED TO BUY IT OUT Early this morning, the days-long bankruptcy auction for Sears being held at the Manhattan offices of its law firm Weil, Gotshal & Mangles reached a conclusion when the retailer accepted a $5.2 billion takeover bid from one of its executives, Reuters reports. Eddie Lampert, former chairman of the retailer’s parent company Sears Holdings Corp, upped an earlier $5 billion offer and agreed to take on more liabilities as part of the winning deal. “The billionaire’s proposal, made through his hedge fund ESL Investments Inc,” according to Reuters’ Mike Spector and Jessica DiNapoli, “will save up to 45,000 jobs and keep 425 stores open across the United States.” (That’s including Kmart locations, too.) It comes over the objections of a handful of Sears’ creditors who, the Reuters journalists report, had been calling instead for the company’s liquidation. “There remains a chance the deal could fall apart,” according to the reporters, as a bankruptcy judge still must sign off on the agreement. A court hearing hasn’t been scheduled yet, but is expected to go down later this week. [Reuters; previously on Swamplot] Photo of Memorial City Sears, closed since last year: Toru O.