Tech Tycoon Mike Lynch's Yacht Sinking

SOURCE finance.yahoo.com
British tech tycoon Mike Lynch, recently acquitted of criminal fraud charges, went missing after his yacht sank off the coast of Sicily. He had a tumultuous history with Hewlett Packard Co. over the sale of his software company, Autonomy Corp.

Key Points

  • Mike Lynch made at least $500 million from the sale of his software company to HP.
  • He was involved in founding successful tech companies post the HP deal, including Darktrace Plc.
  • Lynch's legal battles with HP continued in civil cases in London.
  • Judge ruled in 2022 that Lynch and Autonomy had fraudulently boosted the value of the company.

Pros

  • Mike Lynch was recently acquitted of criminal fraud charges related to the sale of his software company to Hewlett Packard Co.
  • He was a successful entrepreneur and technology executive, known for his innovative work in the tech industry.

Cons

  • Lynch had ongoing legal battles with Hewlett Packard Co. even after his acquittal on criminal charges.
  • The sinking of his yacht off the coast of Sicily resulted in him going missing, raising concerns about his safety.