Paramount/WBD merger conditions give the public "virtually nothing," judge is told

A federal judge reviewed merger conditions between Paramount and Warner Bros. Discovery after California authorities negotiated the deal, according to court filings reviewed on the specified date. The judge examined whether the agreement resulted from collusion between the parties and regulators. California had negotiated specific conditions as part of its approval process for the transaction. The court's review focused on ensuring the settlement terms were independently reached rather than coordinated among all parties involved.

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