Rich-list tech tycoon among missing – who is Mike Lynch and why was he recently under house arrest?

Business

British tech billionaire Mike Lynch is missing off Sicily’s coast after a yacht sank, Sky News understands.

One person is dead and six others are missing after a UK-flagged superyacht named Bayesian sank off the coast of Sicily in a storm.

Follow live: Superyacht sinks latest

Sky News also understands the yacht is owned by the family of Dr Lynch.

It comes just weeks after Dr Lynch, 59, was cleared of all charges by a US jury in the high-profile fraud case related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.

Read more
The odds were stacked against Mike Lynch – we can learn from his extradition and unsuccessful prosecution

Politicians and business leaders alike protested vehemently at his extradition to the US to face charges arguing that, if there was a case to be heard, it should be heard in the UK as Autonomy was a UK-listed, UK-regulated and UK-audited company.

Who is Mike Lynch?

Ilford-born Dr Lynch had a firefighter father from County Cork and a mother who was a nurse from County Tipperary in Ireland.

In 2023, the Sunday Times rich list valued him and his wife Angela Bacares, 57, at £852m.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

Backlash after comedian’s crude jokes about Puerto Rico and Latinos at Trump rally
Dominion Energy is discussing small nuclear reactors with other tech companies after Amazon agreement
‘No one came to rescue us’: In this destroyed Spanish town, people are angry
Interpath chair to step down over Deloitte ‘audit conflict’
Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts