2024-08-20 09:00:08
Tech
Business

Tech Entrepreneur Mike Lynch Missing After Superyacht Sinks off Sicily

Image courtesy of : AFP (HANDOUT)

British tech entrepreneur Mike Lynch, founder of Autonomy, is missing after his superyacht Bayesian capsized off the coast of Sicily during a storm. Lynch, recently acquitted of fraud charges, was involved in a legal battle with Hewlett-Packard over an $11 billion sale.

The search continues for Lynch and six others, including his daughter and a Morgan Stanley exec, while the bodies of some victims have been recovered. The yacht, registered to Lynch's wife, sank in 50 meters of water and was carrying 22 people.

Lynch's co-defendant in the fraud case, Stephen Chamberlain, died in a car accident prior to the yacht sinking. Rescue teams are conducting search and rescue operations, but access to the wreck has been challenging for divers due to the storm.

The incident has garnered international attention, as Lynch is a prominent figure in the tech industry and the sinking has raised questions about yacht safety and the cause of the accident.

CNBC
19. August 2024 um 13:11

British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily

Technology
Economy
Politics
British tech entrepreneur Mike Lynch, founder of enterprise software firm Autonomy, is missing after his superyacht Bayesian capsized off the coast of Porticello, Palermo, Sicily during a violent storm. His wife Angela Bacares was rescued. Lynch was involved in a legal battle with Hewlett-Packard over an $11 billion sale and $8.8 billion writedown related to Autonomy. He was recently acquitted of fraud charges following a 3-month trial, after being extradited from Britain to the U.S.
EL PAÍS
20. August 2024 um 06:59

British Billionaire Mike Lynch Among Missing After Yacht Sinking in Sicily

Economy
Politics
Sinking of a yacht in Sicily; at least 1 dead, 6 missing; among the missing, British billionaire Mike Lynch, former CEO of Autonomy, recently acquitted of charges related to the sale of his company to Hewlett-Packard; also missing is Lynch's partner, Charlotte Golunksi, of Invoke Capital.
Yahoo!
19. August 2024 um 23:02

Who is British tech tycoon Mike Lynch?

Economy
Technology
Mike Lynch, the British tech entrepreneur who co-founded Autonomy and sold it to HP for $11bn, is missing after his yacht sank off Sicily; his wife was rescued, but his co-defendant Stephen Chamberlain died in a car accident. Lynch studied at the University of Cambridge, established Cambridge Neurodynamics, was awarded an OBE in 2006, and later established the tech investment firm Invoke Capital, where he was a shareholder and board member of Darktrace. He was accused of artificially inflating..
BBC
20. August 2024 um 04:37

Morgan Stanley bank boss Jonathan Bloomer among missing in Sicily yacht disaster

Economy
Politics
Morgan Stanley chairman Bloomer, tech tycoon Lynch among 6 missing after British-flagged luxury yacht Bayesian sank near Porticello port east of Palermo, Sicily, killing 1. Yacht owned by Revtom Ltd., registered in Isle of Man, with Lynch's wife as owner. Yacht had capacity for 12 guests in 6 suites, with 10 crew and passengers including Brits, Americans and Canadians. Incident occurred when yacht's anchor was down during heavy storm, causing it to capsize and sink 700m from shore in 50m depth...
CW

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