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PRESS DIGEST-Financial Times - February 27
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PRESS DIGEST-Financial Times - February 27
Mar 11, 2026 5:51 AM

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 ( NFLX ) walks

away

- Jack Dorsey's Block to cut workforce by 'nearly half' as

it leans on AI tools

- Ocado ( OCDGF ) plans to cut 1,000 jobs and restructure technology

unit

- Victory Capital sparks bidding war with offer for Janus

Henderson

Overview

- Paramount Skydance ( PSKY ) has triumphed in its

months-long campaign to scupper Netflix's ( NFLX ) deal to buy

Warner Bros Discovery ( WBD ), after its $111bn bid for the

Hollywood studio drove the streaming giant to walk away.

- Block 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 ( OCDGF ) 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.

(Compiled by Bengaluru newsroom)

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