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What does gazumping mean?

Looking for the meaning or definition of the word gazumping? Here's what it means.

Verb
  1. present participle of gazump
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We are looking at providing a lock-out agreement that would, among other things, stop gazumping and gazundering.
Pogba and Stones have reportedly been the subject of tentative interest from both the Spanish giants in recent months, seemingly gazumping long-term admirers Chelsea without even making an official bid for the pair.
Gazumping and even ghost gazumping, where there is no gazumper, sees houses changing hands at above asking price, as scores of frantic couples cram into mass viewings of squalid cupboards.
There are no chains, gazumping and gazundering and everyone has an opportunity to bid.
I feel the whole practice of gazumping completely unfair and underhand.
The medium really did seem in danger of gazumping the message.

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