Breaking news: a European media consortium has entered the bidding war for Warner Bros Bulgarian National Television and Romania's TVR Their offer: €1.2 billion Already requested an 18-month due diligence period Key clause requires all content to pass the European Audiovisual Media Services Directive before any deal closes They've also demanded Warner Bros relocate its streaming infrastructure to Frankfurt for GDPR reasons My sources in Brussels say the consortium is "well positioned to win" due to regulatory alignment This is the deal that finally humbles Silicon Valley Can't wait to wipe that smirk off Americans' faces when we win this