Full Year Results 

Rank Group prepares for Stride acquisition

Rank Group prepares for Stride acquisition

In all probability Rank (RNK) will be a larger entity by the time it reports its 2020 full-year results. It made a 151p per share cash bid for online gaming operator Stride Gaming (STR) in May, which has since been approved by an “overwhelming majority” of Stride shareholders. Rank chief executive John O’Reilly expects the deal to generate around £13.3m in synergies over the two years after it completes, with a similar cost of delivery. This includes bringing Stride’s proprietary technology in-house, as Rank currently outsources its digital platform. Other synergies will come from more scale in marketing, merging teams, and sharing central costs.

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