Banijay Group's deal to buy casino operator JOA supports its diversification and omnichannel strategy, Berenberg's Anna Patrice and Davide Amorim write in a note. The French content production and gambling group agreed to acquire JOA for an undisclosed sum. While the acquisition has a limited financial impact on the Amsterdam-listed group, the absence of financial details is disappointing, they say. The group is set to publish its first-half results on July 29. These are likely to reflect a robust performance from its gaming segment boosted by the World Cup, as well as continued pressure on its production division, they say. Shares are up 1.4% at 8.60 euros. (najat.kantouar@wsj.com)