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)