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The Guardian - UK

Business

Simon Goodley

Estate of Mike Lynch ordered to pay £920m to Hewlett Packard Enterprise

Mike Lynch Autonomy HP United States

Head and shoulders shot of Mike Lynch smiling as he leaves the high court in London in 2019 — Mike Lynch pictured in 2019. His estate, worth about £500m, could be bankrupted by the ruling. Photograph: Henry Nicholls/Reuters

The estate of the late British tech tycoon Mike Lynch has been ordered to pay £920m to the technology company Hewlett Packard Enterprise (HPE) two years after he died in a superyacht disaster.

The ruling by London’s high court said the estate was liable to pay the sum as compensation, costs and interest for the acquisition of Lynch’s firm Autonomy by Hewlett-Packard (HP), after a UK legal ruling in 2022 that he duped the US company into paying £8.2bn for the software firm.

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