Bidding War


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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 ?
With no reserve, the registration mark will be sold to the highest bidder causing a bidding war worldwide, with everyone trying to get there hands on UK most expensive numberplate.
'This is not a bidding war. I don't think we should be engaging the government in a bidding war.
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.
"I had an accepted offer $11,000 above the asking price right away because the buyers did not want to get into a bidding war," said Nova.
"We always said we wouldn't get into a bidding war or pay inflated prices to keep it.
We are in dis-W cussions about its future, but we won't get into a bidding war."
One senior source revealed: "We'd really 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."
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,
Investors expect that Tyson's offer will start a bidding war.
OCTOBER 31 -- Rockstar Bidco, the coalition of tech companies that won Nortel's patent portfolio in a 2009 bidding war, launches the next salvo in the ongoing smartphone patent wars, filing patent infringement suits against Google and seven makers of Android smartphones.