A "bidding battle" refers to a situation where multiple people or parties are competing against each other by placing increasing offers or bids in order to obtain something they desire, such as an item or a contract. Full definition
The deal suggests there is value locked up within Shire's portfolio - despite a dismal share price performance in the past two years - as its management braces for a possible $ 50 - billion bid battle with Japan's biggest drugmaker. (reuters.com)
The world auction record for Claude Monet was eclipsed after an epic 14 - minute bidding battle in the Impressionist & Modern Art Evening Sale in New York. (christies.com)
The once - in - a-lifetime auction of Salvator Mundi, which followed a global exhibition that had seen thousands of people come to view the painting, produced an extraordinary 19 - minute bidding battle before it was finally bought for $ 450,312,500. (christies.com)