Former CEO Eric Schmidt has backed out of purchasing a superyacht that had been abandoned in Antigua by its Russian billionaire owner for a year. The 68-year-old withdrew his $67.6 million winning bid for the Alfa Nero several days ago according to Ronald Sanders, Antigua and Barbuda's ambassador to the US. Schmidt had won an auction for the luxurious vessel in June but the deal has since been mired in legal challenges, according to .
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