Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
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Mike Lynch, who had just recently won a landmark U.S. fraud trial, was found dead in the wreckage of a yacht that sank off the coast of Sicily. He was 59.
Lynch, who was once lauded by the U.K. press as "Britain's Bill Gates," was the founder of Autonomy, a software company he sold to Hewlett Packard for $11.7 billion in 2011.
HP and U.S. prosecutors accused Lynch of using financial engineering techniques to artificially inflate the value of his company.
LONDON — British technology entrepreneur Mike Lynch has been found dead in the wreckage of his superyacht, which sank off the coast of Sicily earlier this week. He was 59 years old.
Just two months ago, Lynch won a stunning victory in a landmark U.S. trial over allegations from Hewlett Packard that he had artificially inflated the value of his company Autonomy when he sold it to the U.S. enterprise tech giant for $11.7 billion in 2011.