Yahoo

Verizon could be on the hook for up to $25 million to pay its share of a $50 million restitution agreement Yahoo signed to settle a lawsuit related to two massive data breaches in 2013 and 2014.

Yahoo is once again dipping its toes in the messaging arena, testing an iOS and Android group chat app called Squirrel, which is invitation-only.

A US district court judge cleared the way for Yahoo users to sue over a massive 2013 data breach which impacted 3 billion accounts, despite an effort by Verizon to have the claims dismissed.

Yahoo discovered a data breach in August 2013 affected 2 billion more user accounts than originally announced while completing integration work with new parent Verizon.

Verizon completed its $4. 48 billion acquisition of Yahoo’s operating business and combined the assets with its AOL arm to launch Oath, its new subsidiary.

Yahoo’s stockholders approved a $4. 48 billion Verizon acquisition of its core assets. In a statement, the company predicted the transaction will close on 13 June, and confirmed it will “change its name to Altaba” following the completion.

Around 1,000 employees could be laid off at Verizon’s Oath, the business unit unveiled in April which will handle the combination of its AOL business with assets from Yahoo once a $4.