Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion

Videogame company Zynga agreed to buy Turkish mobile-game studio Peak for $1.8 billion, adding games such as "Toon Blast" and "Toy Blast" to its portfolio.

 
Eli Lilly Begins Testing Covid-19 Drug Derived From Blood of Survivor

Lilly began the first study of an experimental drug derived from a blood sample of an early U.S. survivor of Covid-19, a new effort to take advantage of the molecular defenses developed by recovered patients.

 
Can Meal Kits Remain Flavor of the Month?

Meal-kit services are booming now that consumers are stuck at home and preparing their own food. Hanging on to the gains as lockdown rules are lifted is their next challenge.

 
Coty Appoints Chairman Peter Harf as CEO to Spearhead Turnaround

Coty appointed its fourth new chief executive in less than four years, as the cosmetics and fragrance maker strives to revive slumping sales and reduce its burdensome debt load.

 
Tencent Rival NetEase Moves Ahead With Hong Kong Listing

Mobile-gaming group NetEase begun taking investor orders for a multibillion-dollar Hong Kong share sale, as momentum builds for U.S.-listed Chinese companies to obtain secondary listings closer to home.

 
Buffett-Backed Italian Insurer Asked to Boost Capital

Cattolica, a Berkshire Hathaway-backed Italian insurance company, was asked to boost its capital, in a sign regulators are prepared to act on the coronavirus pandemic's rippling effects through the industry.

 
YouTube's Chase for Streaming-TV Ad Dollars Faces Hurdles

YouTube wants advertisers to spend more to reach the consumers who are increasingly using their television to watch videos on its platform. The effort is a bid for a piece of the massive ad budgets that go toward traditional TV as well as the fast-growing ad spending earmarked for streaming TV.

 
Palladium's Leadership Changes Raise Concerns Over Effects on Funds

Leadership changes at Palladium Equity Partners raised concerns at a Los Angeles pension system about what effect the moves might have on the performance of the firm's funds.

 
Nestlé Loses Fight With Impossible Foods Over Meatless Burger Branding

Nestlé must stop branding its plant-based burger "Incredible" after a European court ruled the language infringed on Impossible Foods' trademarks and could confuse consumers.

 
Lufthansa Surrenders Slots in Bailout Deal

Lufthansa has agreed to give up slots at Frankfurt and Munich airports as required by European authorities as part of its EUR9 billion bailout package.

(END) Dow Jones Newswires

June 01, 2020 11:15 ET (15:15 GMT)

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