Larry Ellison's Plans to Buy Part of Hawaii Approved

Last week we told you that Oracle CEO and obnoxious bajillionaire Larry Ellison had big plans to purchase part of Hawaii — and we weren't kidding. According to press reports, the sale went through yesterday, and Ellison will officially own 98 percent of the island of Lanai by the end of the week.

The Hawaii Public Utilities Commission reportedly approved the transaction paving the way for Ellison to purchase majority of the 141-square-mile island from Castle & Cooke Inc. on June 27.

Reporters could not reach Ellison for comment, presumably because he was too busy buying an island.

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