UK tech tycoon Mike Lynch missing after yacht sinks

UK tech tycoon Mike Lynch missing after yacht sinks

British tech tycoon Mike Lynch and his 18-year-old daughter are among the six people missing after a luxury yacht sank off the coast of the Italian island of Sicily in the early hours of Monday morning.

The 56m (183ft) vessel was carrying 22 people including British, American and Canadian nationals. Fifteen people were rescued, including a one-year-old British girl, and authorities are continuing their search into the night.

Local media reported the yacht, named Bayesian, capsized at about 05:00 local time after encountering a heavy storm overnight that caused waterspouts, or rotating columns of air, to appear over the sea.

Mr Lynch, known by some as “the British Bill Gates”, co-founded software company Autonomy, which was later bought by tech giant Hewlett-Packard for $11bn (£8.6bn).

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Witnesses told Italian news agency Ansa that the Bayesian’s anchor was down when the storm struck, causing the mast to break and the ship to lose its balance and sink off the coast of village Porticello, near Sicilian capital Palermo.

A waterspout is similar to a tornado and can form over oceans, seas or large lakes.