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The British tech entrepreneur Mike Lynch has been confirmed dead by search and rescue authorities after a yacht sank off the coast of Sicily during a violent storm, according to two news agencies. Lynch, 59, the founder of Autonomy Corporation, was among six people missing after the British-flagged 56-metre sailing boat Bayesian capsized at about 5am local time off the coast of Palermo when the area was hit by a tornado. Both Reuters and AFP news agencies reported that Lynch’s body had been recovered from the wreck, citing sources close to the rescue operation. ... Once described as Britain’s Bill...

UK software tycoon Mike Lynch has been found dead two days after he went missing in a sailing tragedy off the coast of Sicily. The news ends a period of speculation since reports emerged describing the British entrepreneur's disappearance after the Bayesian, the billionaire's 56-metre superyacht, went down near Porticello in violent storms at around 5am on Monday, local time. The accident came as 59-year-old Lynch was said to be looking forward to a new life following years of legal battles to clear his name and put the acrimonious sale of his analytics company, Autonomy, behind him. Lynch is remembered...

Missing UK tech billionaire Mike Lynch’s associate Stephen Chamberlain, who stood trial for fraud alongside him after the sale of software company Autonomy, died just days before the entrepreneur vanished in a shipwreck off the coast of Sicily. Chamberlain was out for a run in Cambridgeshire, England, on Saturday when he was struck by a vehicle and died after being rushed to a nearby hospital. Chamberlain and Lynch, who remains missing after a yacht he was on with his wife and 18-year-old daughter sank Monday, were co-defendants in the decade-long fraud case that arose after the $11 billion sale to...

Four bodies brought to shore from boat wreckage published at 17:00 British Summer Time 17:00 BST Breaking Four bodies have now been brought to shore from the sunken yacht, the BBC has confirmed. The search continues for the two remaining passengers who are still unaccounted for. Italian authorities have not confirmed the identities of those recovered this afternoon. Search and rescue team return with another body bag published at 16:57 British Summer Time 16:57 BST Images are coming through of another body bag being brought to shore at the harbour in Porticello, Sicily where the search and rescue operation is...

This is a very challenging operation. Rescue services say they have teams of specialist divers who are used to working in small, cramped quarters. The depth of the shipwreck is proving a big challenge. They have also been hampered, we’ve been told, by the fact that the boat is lying on its side and the access points are choked with debris, so it’s very difficult to gain access to the yacht itself. What we understand is that they want today to try and get into a cabin where some of the missing may have been sleeping. The rescue services know...

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. 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. The vessel was reportedly struck by an unexpectedly violent storm. At least...

British tech magnate Mike Lynch and several other people were among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch, who was acquitted in June in a big U.S. fraud trial, was among the six people who remain unaccounted for after their chartered sailboat sank off Porticello, when...a waterspout struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body has been recovered, and police divers were trying to reach the hull of the ship, which was...

Mike Lynch, a British tech entrepreneur, and his daughter Hannah are missing after a luxury yacht sunk off the coast of the Italian island of Sicily. After co-founding British tech firm Autonomy in 1996, and backing several successful tech firms, the businessman was regarded by some as the UK's answer to Microsoft founder Bill Gates. One person is dead and six are missing after a 56m superyacht called Bayesian, which has been linked to Mr Lynch's family, sank following bad weather. His wife, Angela Bacares, has been rescued. The British tech tycoon made his riches by selling his company Autonomy...