Translate

Search This Blog

Friday, June 22, 2012

500-million-dollar purchase of Oracle CEO Larry Ellison indulges in Hawaii island

The third richest man in America Larry Ellison, has acquired the Hawaiian island of Lanai. The head of the Oracle Sofwarekonzerns had racked up only a fraction of its assets. He billionaire Oracle CEO Larry Ellison, the bulk of a Hawaiian island has bought. He was taking 98 percent of the approximately 365 square kilometer islet Lanai, said Neil Abercrombie, Governor of the State of Hawaii. "We are pleased to welcome Mr. Ellison in the near future," said Abercrombie. The price that puts the newspaper "Maui News" with 500 to 600 million dollar is likely they can muster the founder of software company without problems: it is the third richest man in America, to be the business magazine "Forbes" prized assets to $ 36 billion. The previous owner, Castle & Cooke, the company of billionaire David Murdock, had offered the island last year on sale. Lanai was in his possession since 1985. The remaining 2 percent of the area belong to the state. Lanai , with around 3,100 inhabitants, the smallest inhabited island of the Hawaiian group. Before she became a tourist destination, it was mainly known for its pineapple plantations.

No comments:

Post a Comment