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