Bidding War


Also found in: Dictionary.

Bidding War

A situation in which two persons or organization are so interested in a product, asset, or potential employee that they offer successively higher prices or salaries for it. For example, two potential employers for a recent graduate may be so interested that when the first offers $50,000, the other comes back with $55,000, which leads the first to increase to $60,000, and so forth. Bidding wars usually occur very rapidly.
References in periodicals archive ?
Some 23% of people who have bought, or are in the process of buying, a house have found themselves embroiled in a bidding war, with other buyers upping their offers as they compete over a property.
A senior BBC source said: "We'd like to hang on to the Voice - it's a brilliant show and viewers love it - but we won't get into a bidding war with ITV.
Interested parties remained determined to acquire the site as a bidding war broke out before the gavel finally came down at PS122,000.
This move ends a bidding war involving ISSI, Uphill and US chipmaker Cypress Semiconductor Corp,
Kellogg and Abraaj Asset Management had each made four offers for Bisco Misr as of Monday morning, pushing the value of the company up by around 20% since the start of the bidding war.
By pricing the apartment well, we created an opportunity for a bidding war.
Investors expect that Tyson's offer will start a bidding war.
The bidding war has begun before a single player or Beckham has signed even a formal stadium deal, the report said.
Fortunately we lost the bidding war and another station lay claim to it for what ungodly reason I do not know.
If it is perceived that a property is asking a realistic price, there is enough demand that you may experience a bidding war," LeFauve said.
Putting an end to a protracted corporate bidding war, HP outbid Dell to buy 3PAR, a data-storage company specializing in cloud computing.
A once obscure data storage firm, 3PAR is now at the center of a $2 billion bidding war between powerhouses Hewlett-Packard Co (HPQ.