PRESS DIGEST-Financial Times - February 27

Reuters02-27 10:07

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.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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Reuters has not verified these stories and does not vouch for their accuracy.</p><p>Headlines</p><p>- Paramount clinches Warner Bros deal after Netflix walks away</p><p>- Jack Dorsey's <a href=\"https://laohu8.com/S/XYZ\">Block</a> to cut workforce by 'nearly half' as it leans on AI tools</p><p>- Ocado plans to cut 1,000 jobs and restructure technology unit</p><p>- Victory Capital sparks bidding war with offer for <a href=\"https://laohu8.com/S/JHG\">Janus Henderson</a></p><p>Overview</p><p>- Paramount Skydance <span>PSKY.O</span> has triumphed in its months-long campaign to scupper Netflix's <span>NFLX.O</span> deal to buy Warner Bros Discovery <span>WBD.O</span>, after its $111bn bid for the Hollywood studio drove the streaming giant to walk away.</p><p>- Block <span>XYZ.N</span> the fintech group headed by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> 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.</p><p>- UK online supermarket Ocado <span>OCDO.L</span> 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.</p><p>- 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.</p><p> (Compiled by Bengaluru newsroom)</p><p> ((globalnewsmonitoring@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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 HendersonOverview- 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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