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Netflix drops its WBD bid, Block layoffs, Anthropic's DOD deadline and more in Morning Squawk
CNBC· 2026-02-27 13:08
Group 1: Paramount Skydance and Warner Bros. Discovery - Paramount Skydance is making a hostile takeover bid for Warner Bros. Discovery valued at $108.4 billion, which has led Netflix to withdraw from its deal to acquire some of WBD's assets after WBD's board deemed Paramount's offer superior [2][6] - Paramount's new all-cash bid is set at $31 per share, surpassing Netflix's current agreement with WBD, prompting Netflix to state that matching the offer is no longer financially attractive [6] Group 2: Employment Changes in Tech - Block, the fintech company, announced layoffs of over 4,000 employees, approximately half of its workforce, to position itself for long-term growth, resulting in a 20% surge in its shares during extended trading [3][4] - eBay also announced a reduction of about 800 roles, or 6% of its staff, as part of its investments in AI, indicating a trend of staffing changes across the tech industry [4] Group 3: Women's Wealth Growth - Women's cumulative investible assets in the U.S. are expected to nearly double from 2023 to 2030, with a significant transfer of over $100 trillion in wealth anticipated through 2048, marking a substantial shift in wealth control [10]