Altaba to settle lawsuits relating to Yahoo data breach for $47 million

Zack Whittaker reports:

Altaba, the holding company of what Verizon left behind after its acquisition of Yahoo, said it has settled three ongoing legal cases relating to Yahoo’s previously disclosed data breaches.

In a Monday filing with the Securities and Exchange Commission, the former web giant turned investment company said it has agreed to end litigation for $47 million, which the company said will “mark a significant milestone” in cleaning up its remaining liabilities.

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