Larry Ellison to buy Hawaiian island

Summary:Oracle chief executive Larry Ellison is set to buy a Hawaiian island, according to a statement from the US state's governor Neil Abercrombie.

Oracle chief executive Larry Ellison is set to buy a Hawaiian island, according to a statement from the US state's governor Neil Abercrombie.

Larry Ellison
(Credit: Chris Duckett/ZDNet)

The current landowner, company Castle and Cooke, has filed a transfer application with the Public Utilities Commission, and is looking to sell 98 per cent of the island's 140.5 square miles.

Lanai, Hawaii's sixth-largest island, plays host to holiday results, golf courses, beaches and 4WD off-road tracks through the island's vegetation. The island's official travel site identifies the island's biggest drawcard as its lack of a single set of traffic lights.

Abercrombie welcomed Ellison's move to purchase the land.

"It is my understanding that Mr Ellison has had a long-standing interest in Lanai," he said.

"His passion for nature, particularly the ocean, is well known, specifically in the realm of America's Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally notable."

Topics: Oracle

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Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for t... Full Bio

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