The serial software entrepreneur's passing comes only weeks after he was cleared of fraud by a jury in the US.
British software mogul Mike Lynch, 59, has died after a superyacht he was onboard sank off the coast of Sicily, where he was celebrating being acquitted of fraud by a jury in the US weeks earlier. Lynch, his teenage daughter Hannah, and four other passengers—including Morgan Stanley international chair Jonathan Bloomer and Lynch’s lawyer Chris Morvillo, a partner at Clifford Chance—were reported missing when the yacht sank.
In 2006, Lynch was awarded an OBE in recognition of his contribution to British enterprise, and in 2011 he became an adviser to the UK government on matters concerning science and technology. The public perception of Lynch would come to be defined, though, by the $11.7 billion sale of Autonomy to Hewlett Packard in 2011—a deal that turned sour soon after completion and over which he was subsequently accused of fraud. Within a year, HP had written down the value of the purchase by $8.
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