Billionaires Bill Gates, Larry Ellison in Bidding War Over Hawaiian Island of Lanai


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Billionaires Bill Gates and Larry Ellison were reportedly in a bidding war over the sale of the remote Hawaiian island of Lanai from fellow billionaire David Murdock. Ellison, CEO of Oracle, won for an estimated $600 million. Murdock wanted to make sure Lanai's small population, as well as its natural beauty, would be respected and preserved. Patrick Jones has the rest.