HPQ - UK's 'Bill Gates' Acquitted Of Fraud Charges Linked To $11B Hewlett-Packard Takeover Deal | Benzinga
Mike Lynch, once lauded as Britain’s answer to Bill Gates, has been acquitted of charges related to the controversial $11 billion deal between his company Autonomy and Hewlett Packard Enterprise Co (NYSE:HPE) in 2011.
What Happened: Lynch was acquitted on Thursday of criminal charges of fraudulently inflating revenues at his company Autonomy before selling it to HP, the Wall Street Journal reported on Thursday.
The U.S. government charged Lynch with conspiracy and wire fraud in 2018, alleging that he falsely inflated Autonomy’s revenues to make the software company more appealing to potential buyers.
The deal, which aimed to transform HP into a ...