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First time accepted submitter nrozema writes "Oracle co-founder and billionaire Larry Ellison is buying the Hawaiian island of Lana'i, the sixth-largest island in the U.S. archipelago. Hawaii Gov. Neil Abercrombie confirmed in a written statement that the current landowner filed a transfer application with the state's Public Utilities commission Wednesday to sell its 98 percent share of the 141-square-mile island to Ellison."

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