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UK Tech Tycoon Lynch Cleared of HP Fraud Charges in US Trial

(Bloomberg) -- In a staggering loss for US prosecutors, a jury found UK tech tycoon Mike Lynch not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard Co. into buying his software startup for $11 billion.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansVietnam Tycoon Sentenced to Death Faces New Ch...
San Francisco United States City Of United Kingdom Brody Ford Abraham Simmons
Source: yahoo.com

Darktrace Agrees Sale to Thoma Bravo for $5.32 Billion

(Bloomberg) -- UK cybersecurity company Darktrace Plc agreed to sell itself to private equity firm Thoma Bravo for an equity value of about $5.32 billion.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe deal will give D...
City Of United Kingdom San Francisco United States Angela Bacares Bloomberg Businessweek
Source: yahoo.com

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Autonomy Acquisition: Former CEO Sues HP For 150 Million Dollar

The long running court debate between Hewlett-Packard Co. what’s more, former executives of Autonomy Corp. seethes on. On Thursday, former Autonomy Chief Executive Michael Lynch recorded a countersuit against HP for more than $150 million in harms. In March, HP sued Mr. Lynch and his top financial executive, Sushovan Hussain, for $5.1 billion, guaranteeing they determinedly swelled the British programming maker’s funds in front of the deal. The Autonomy acquisition turned out to be a...
United Kingdom City Of Mike Lynch Sushovan Hussain Michael Lynch Autonomy Corp

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