bidding war

American  

[bid-ing-wawr] / ˈbɪd ɪŋ wɔr /

noun

1. a competition in which two or more potential buyers make increasing offers to buy the same thing.

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Example Sentences

Recently, Gwyneth Paltrow signed on to produce and star in the film adaption of “Strangers” for Netflix, after a massive bidding war.

From Los Angeles Times

Helium users, who mostly lock in supply through long-term contracts, are now scrambling for scarce short-term spot market cargoes, a bidding war that has caused prices to more than double, market watchers say.

From The Wall Street Journal

What’s Next: Netflix’s own investors were unhappy with its attempt to buy Warner Bros, but it ultimately decided not to engage in a bidding war with Paramount.

From Barron's

Netflix stock has been on a tear ever since the video streamer dropped out of the bidding war for Warner Bros.

From Barron's

Paramount Skydance won the bidding war for Warner Bros.

From Barron's