British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC.
He became the target of a protracted legal battle with Hewlett Packard after the U.S. tech giant accused him of inflating Autonomy's value in an $11 billion sale.In June, he was acquitted of fraud charges following the trial, which lasted for three months.
LONDON — The sources, who preferred not to be named due to the sensitivity of the situation, said that Angela Bacares, Lynch's wife, was confirmed as having been rescued. The superyacht, called the Bayesian, capsized at around 5 a.m. local time while anchored off the coast of Porticello, a small fishing village located in the province of Palermo in Italy, according to various media reports.
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