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Report
The British Bill Gates” is missing after superyacht sinks off Sicily
Fortune
Follow
8/20/2024
Mike Lynch is among those missing since Monday after a superyacht sank off the coast of Sicily in a sudden storm.
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Tech
Transcript
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00:00
The British Bill Gates is missing after a superyacht sank off the coast of Sicily in a
00:04
sudden storm. Tech tycoon Mike Lynch and a small group of his financial and legal advisors were
00:10
celebrating a recent legal victory after Lynch was found not guilty of duping HP into overpaying for
00:16
his software firm. HP had paid $11 billion for autonomy in 2011, only to write down $8.8 billion
00:24
of the purchase price a year later. Lynch made around $815 million from the sale and always
00:30
denied fraud charges. His wife was among 15 people rescued from the yacht, but his daughter Hannah
00:36
is among the six still missing. The same day the yacht sank, Lynch's VP of Finance and co-defendant
00:42
in the trial died in a freak coincidence after a car hit him while out running.
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