Mike Lynch, former CEO of Hewlett-Packard's Autonomy unit, speaks at a conference on Thursday, April 25, 2013.
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LONDON – British technology entrepreneur Mike Lynch has disappeared after his luxury yacht sank off the coast of Sicily, sources familiar with the matter told CNBC.
The sources, who preferred to remain anonymous due to the sensitivity of the situation, said that it was confirmed that Lynch's wife, Angela Bakaris, had been rescued.
This is a breaking news story and is being updated.
