Tuesday 25 July 2017

Lynch group link to €6bn bid

Nick Webb

Nick Webb

Tipperary software entrepreneur Dr Mike Lynch (above) saw the value of his shares in his web company Autonomy rise by €48m on the back of takeover speculation.

Lynch holds a €420m chunk of FTSE listed Autonomy Corporation, which was dogged by rumours of a €6bn bid from a major US technology firm.

Lynch was born in Carrick-on-Shannon before moving to the UK when he was young. His company is the new sponsor of Premiership team Tottenham Hotspur.

Sunday Independent

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