The Sears company needs a buyer by the end of today to survive.
The bankrupt company has about 500 of its stores and the Kenmore Appliance brand up for grabs.
If someone buys those, Sears and Kmart will remain open for business and thousands of jobs could be saved.
As of right now, Sears only has one public bidder.
A hedge fund controlled by Sears Chairman Eddie Lampert is offering $4.6 billion for those assets.
Lampert is the company’s largest creditor and served as CEO until its bankruptcy.
But he still has to make his bid official.