bidding war
Americannoun
Example Sentences
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The streaming giant’s formal exit from the bidding war for Warner Bros.
Discovery in a deal valuing the combined company at $110 billion, after beating Netflix in a bruising bidding war.
From Barron's
The dramatic bidding war ended on Thursday night, after Paramount made its latest attempt to buy Warner for $81 billion—and Netflix walked away from the deal.
In the days before Paramount’s revised bid was submitted, Netflix executives discussed walking away instead of continuing the bidding war, according to people close to the discussions.
Netflix’s stock had fallen by more than a third since last autumn when it made its play for Warner Bros., and it surged 13.8% Friday after it bowed out of the bidding war.
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