A U.K. High Court has ruled that Hewlett Packard Enterprise is owed over 700 million pounds from the estate of British tech tycoon Mike Lynch and his former finance director.

Hewlett Packard is owed more than 700 million pounds ($944 million) from the estate of the late Mike Lynch and his former business partner over its acquisition of their British software firm Autonomy,

Hewlett Packard (HP) is set to recoup more than £700 million ($944 million) from the estate of the late Mike Lynch and his former business partner, Sushovan Hussain, a London High Court judge ruled on Tuesday. The sum relates to HP’s ill-fated acquisition of British software firm Autonomy.

Hewlett-Packard (HP) is owed hundreds of millions, rather than billions, of pounds over its acquisition of British software company Autonomy in 2011, a High Court judge has ruled. The US firm was seeking to recoup up to £4bn of losses from Mike Lynch - the UK tech entrepreneur - in a damages lawsuit that found in HP's favour in 2022.

Hewlett Packard Enterprise Co. lost around £730 million ($985 million) after it bought Mike Lynch’s firm Autonomy Corp., a London judge ruled less than a year after the British tech tycoon drowned when his yacht sank in a storm off the coast of Sicily.

The High Court is set to decide on the damages Hewlett Packard is owed from the acquisition of Autonomy, following allegations of fraud against late co-founder Mike Lynch. The court's decision follows a lengthy litigation process,

London's High Court said that HPE (HPE)  is owed over 700M pounds from the estate of the late Mike Lynch and his former business partner over its acquisition of Autonomy.