Marissa Mayer's hefty exit package; Supreme Court rejection could cost GM billions, and more news.

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Once the Verizon deal closes, Marissa Mayer will leave Yahoo with $186 million in fully vested stock. Yahoo shareholders will vote on the deal June 8th, and it's expected to pass. Mayer has earned well over $200 million for her five years at Yahoo, according to calculations from The New York Times.

The Supreme Court refused to review a lower court decision that opens GM up to hundreds of ignition switch-related lawsuits — which could lead to up to $10 billion in legal claims. GM said that its 2009 bankruptcy should bar the suits; the federal appeals court said doing so would violate the plaintiffs’ rights to due process.

Square reportedly acquired the engineering team behind Yik Yak, the anonymous messaging app once valued at $400 million. The mobile payments company hired five to ten engineers (and not Yik Yak CEO Tyler Droll) for less than $3 million, according to Bloomberg. The service, once popular particularly amongst high school and college students, never recovered from harassment and cyberbullying issues; it let go 60% of its staff at the end of last year.

Netflix is heading to China (sort of): Netflix struck a licensing deal with Baidu subsidiary iQiyi to distribute its original content in China — the streaming service's first foray into the market. Netflix had previously tried to enter the territory as a distributor but faced too many regulatory challenges; iQiyi puts the company’s original offerings in front of nearly half a billion monthly viewers.

FCC chair Ajit Pai is expected to share his strategy for net neutrality on Wednesday, at the Newseum in Washington. "Officials are widely believed to be refining Mr. Pai’s strategy in ways that could make it somewhat less complicated than previously expected," says The Wall Street Journal.

EpiPen faces an antitrust suit. Sanofi, which once made a similar product to EpiPen, is suing Mylan for actions that it says made it harder for other companies to compete. Those moves include offering price discounts to insurers that did not cover other competitor products.

Elsa is more popular than Barbie. Hasbro's quarterly revenue beat rival Mattel for the first time since 2000, thanks in part to Hasbro gaining the rights to produce Disney dolls (like Frozen's Elsa) in 2014. Another reason for Hasbro's boost? Gaming, from Dungeons and Dragons to a hot new board game called Toilet Trouble.

Cover Photo: Marissa Mayer, chief executive officer of Yahoo! Inc., pauses during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2014. (Chris Ratcliffe/Bloomberg via Getty Images)