UK's 'Bill Gates' Acquitted Of Fraud Charges Linked To $11B Hewlett-Packard Takeover Deal
Portfolio Pulse from Benzinga Neuro
Mike Lynch, former CEO of Autonomy, was acquitted of fraud charges related to the $11 billion deal with Hewlett Packard Enterprise (HPE) in 2011. The deal led to significant financial losses for HPE, but the company has since reported positive financial results.
June 07, 2024 | 12:51 pm
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Mike Lynch's acquittal of fraud charges related to the $11 billion Autonomy deal may provide some relief to HPE, which has since reported positive Q2 results.
The acquittal of Mike Lynch removes a significant legal overhang for HPE, potentially boosting investor confidence. Additionally, HPE's recent positive financial performance further supports a positive short-term outlook.
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