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June 6, 2024
(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...
June 6, 2024
Miners help lift shares 0.2pc. Life360 hits Nasdaq boards. GQG lifts FUM. IDP Education rebounds. ECB cuts rate. S&P 500 dips.US jobs report ahead. Follow here.
April 26, 2024
(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...
February 14, 2024
Hewlett Packard Enterprise Co. is seeking as much as $4 billion from Autonomy Corp.'s former bosses following a London judge's finding that they
February 13, 2024
Wall Street kicked off the week with small moves in stocks, bonds and the dollar ahead of inflation figures that will be key to determine the scope and timing of
April 21, 2023
UK tech tycoon Mike Lynch lost his bid to appeal his extradition to the US to face criminal charges over the Hewlett Packard sale.
January 19, 2023
The long running court debate between Hewlett-Packard Co. what’s more, former executives of Autonomy Corp. seethes on. On Thursday, formerContinue Reading
January 18, 2023
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...
May 31, 2022
Although new reforms criticised for not going far enough by some.
May 31, 2022
Revamped audit rules would require big companies to hire firms outside Big Four for some audits