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Friday, June 22, 2012

Oracle founder Larry Ellison buying Hawaiian island of Lanai

Ellison agrees to buy 98% of Lanai from L.A. billionaire David Murdock, who controls Dole Food and many other businesses. Local observers value the deal at more than $500 million.

Tech billionaire Larry Ellison, already well-known for his extravagance, will soon own another exotic trophy — a Hawaiian island.


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