PRESS DIGEST-Financial Times - February 27
Feb 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Paramount clinches Warner Bros deal after Netflix walks away
- Jack Dorsey's Block to cut workforce by 'nearly half' as it leans on AI tools
- Ocado plans to cut 1,000 jobs and restructure technology unit
- Victory Capital sparks bidding war with offer for Janus Henderson
Overview
- Paramount Skydance PSKY.O has triumphed in its months-long campaign to scupper Netflix's NFLX.O deal to buy Warner Bros Discovery WBD.O, after its $111bn bid for the Hollywood studio drove the streaming giant to walk away.
- Block XYZ.N the fintech group headed by Twitter co-founder Jack Dorsey, will cut its workforce by "nearly half" in one of the clearest signs of the sweeping changes AI tools are having on employment.
- UK online supermarket Ocado OCDO.L is planning to cut about 1,000 jobs and restructure its technology business, warning the unit's earnings would be hit after key customers closed facilities.
- Victory Capital has put in a bid of $57.04 a share to buy UK asset manager Janus Henderson, in a transaction that would value the group at $8.6bn in a move aimed at gatecrashing an earlier deal agreed with Nelson Peltz's Trian Fund Management and General Catalyst.
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