Thursday, June 21, 2012

Larry Ellison is buying Lanai

Hawaii’s sixth-largest island, Lanai, has been known by different nicknames through the decades — from the “Pineapple Island” to the “Private Island” and at present “Hawaii’s Most Enticing Island.” One could soon call it “Ellison Island.”

The third-richest man in America, Oracle Corp. co-founder and CEO Larry Ellison, is buying Lanai from fellow billionaire David Murdock for hundreds of millions of dollars in cash, though the exact price was not disclosed.

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