The Young and the Restless (Y&R) recap for Thursday, February 12, reveals that Billy Abbott’s (Jason Thompson) custody of Johnny Abbott (Paxton Mishkind) and Katie Abbott (Sienna Mercuri) will be at risk. Victoria Newman (Amelia Heinle) will essentially vow revenge, so here’s what Y&R fans can expect.

At Newman Enterprises, Billy will worry about how long Cane Ashby’s (Billy Flynn) going to stay knocked out.

Phyllis will insist it’ll be at least an hour, so she’ll have plenty of time to make big things happen on her laptop.

After Phyllis hacks the system and makes herself the sole owner of Newman Enterprises, she’ll fold Newman Media into Abbott Communications.

Phyllis will also give Chancellor to Billy, so they’ll officially have everything they want.

Once Victoria arrives, she won’t be surprised to find Billy and Phyllis scheming together.

After Phyllis makes it clear that Cane is no longer involved, Victoria will fume over Phyllis’ takeover and assume she promised Billy Chancellor to score his help.

Victoria will warn that she’s not going to shield Johnny and Katie from Billy’s actions since they’re old enough to know.

Since Victoria will find this unforgivable, she’ll plan to tell the kids everything and will feel certain they’re going to be just as disgusted.

Victoria will also want to take Phyllis and Billy down for their criminal activities, but Phyllis will downplay everything once Victoria exits.

Phyllis won’t think Billy should let Victoria get inside his head, but he’ll worry Victoria is going to turn the kids against him.

Of course, Phyllis won’t think it’s a big deal since her kids have forgiven her so many times – even after she faked her demise.

Billy won’t think it’s the same situation with him and will seem genuinely worried about Johnny and Katie’s reaction.

Billy will also know that Victor Newman (Eric Braeden) will do everything in his power to make sure Billy loses custody.

If Billy loses his kids, he’ll wonder what all this was even for.

After Victor and Nikki Newman (Melody Thomas Scott) discuss Dominic Winters (Ethan Ray Clark) being on his way home, Nikki will visit Jack Abbott (Peter Bergman).

There’ll be some talk about Lily Winters’ (Christel Khalil) kidnapping ruse and Cane’s willingness to make a deal before going MIA.

Nikki will also be suspicious of Billy’s visit since he showed up claiming Cane was going to double-cross Victor.

Nikki will worry about Victor going off the rails if this deal doesn’t pan out, so Jack will pull her into a comforting hug.

Diane Jenkins Abbott (Susan Walters) will witness that embrace and explode at Jack privately afterward.

Although Diane will think Nikki uses Jack’s affection to manipulate him, Jack will defend their friendship.

Diane will be sick of all this and will ultimately stomp upstairs alone.

On Cane’s train, Victor will find Cane out cold and call Adam Newman (Mark Grossman) to join him there.

After Victor confirms Cane is breathing and has a pulse, Adam will try and fail to wake him up.

Victor will smell the lingering chloroform and assume Phyllis did this to stop Cane’s deal while Billy distracted the Newmans.

Once Adam and Victor are in the car, Victoria will call with updates on Phyllis pulling off her takeover and presumably giving Billy Chancellor.

Soon after, Victor will make some calls and confirm to Adam that Phyllis is still at Newman Tower with Billy.

Once Victor hints about there still being time to stop all this, Adam will suggest they could get Newman back tonight.

At Crimson Lights, Nate Hastings (Sean Dominic) will give Victoria Newman (Amelia Heinle) the good news about Dominic and mention Lily being off the grid.

Victoria won’t mention anything about Victor’s involvement to Nate and will feel guilty about that once she chats with Nikki later.

Nikki will think Victoria did the right thing since Lily probably has a cover story she’ll use.

Although Nikki will be curious about the possibility of a Victoria and Nate romantic reunion, that’s not where Victoria’s head will be at right now.

Victoria will give Nikki confirmation on Phyllis’ Newman takeover and Billy’s involvement, so Nikki will call him a “snake.”

If Billy accepts Chancellor, Victoria will warn that he’s going to regret it and can say goodbye to the kids.

The Young and the Restless spoilers indicate that vengeful Victoria will continue to make waves, so stay tuned.