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

Pfizer last year prevailed in a bidding war with Novo Nordisk for obesity drug developer Metsera, while Roche struck a licensing deal with Denmark’s Zealand Pharma and previously bought Carmot Therapeutics.

From The Wall Street Journal

Shaking off its defeat in the Warner Bros. bidding war, Comcast is focusing on its big sports bet.

From Los Angeles Times

However, with a bidding war looming between Fox Sports and Time Warner Cable, Selig knew the rights would be worth more than Fox had offered in its extension with McCourt, who needed immediate cash.

From Los Angeles Times

A major investor in the new entity is Larry Ellison, who is also financing his son David's recent takeover of Paramount and bidding war to take over Warner Bros -- potentially giving the family unprecedented power over US media.

From Barron's

Ellison has also financed his son David's recent takeover of Paramount and bidding war with Netflix for Warner Bros.

From Barron's