Oracle CEO Larry Ellison has bought 98% of the Hawaiian island of Lana'i, according to a statement from the governor of Hawaii. Democratic Gov. Neil Abercrombie said, "It is my understanding that Mr. Ellison has had a long-standing interest in Lana'i. His passion for nature, particularly the ocean, is well-known specifically in the realm of America's Cup sailing." Ellison bought the island from Castle & Cooke, whose owner, David Murdock, is also the majority stock holder in the Dole Food Company.
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