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Hawaii governor: Oracle CEO Larry Ellison to buy 98 percent of Lanai

Updated: June 20, 2012 8:27PM

HONOLULU (AP) — Hawaii Gov. Neil Abercrombie says Oracle Corp. CEO Larry Ellison is buying 98 percent of the island of Lanai.

Abercrombie said Wednesday that the land’s current owners, Castle & Cooke, have filed a transfer application with the state’s public utilities commission.

Abercrombie says Ellison has had a longstanding interest in the island.

Lanai is Hawaii’s smallest publicly accessible inhabited island. It’s about 141 square miles and has some 3,200 residents. It attracted more than 26,000 visitors from January through April this year.

Other people own the remaining 2 percent of the island’s land.

Oracle is a software company based in Redwood City, Calif.

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