Larry Ellison, the billionaire boss of technology firm Oracle, has bid to purchase the island of Lana'i in Hawaii. The exact price of the purchase is unknown, but it is thought that Ellison will pay between $$500m (£318m) and $$600m for 98% of Hawaii's sixth-largest island. Lana'i, a 141 sq mile (365 sq km) island to the south of Honolulu, is being sold by billionaire David Murdock. Commonly known as the "Pineapple island", Lana'i is home to around 3,200 residents, along with several luxury holiday resorts. It was acquired by Murdock in 1985 when he took over the near-bankrupt Hawaiian firm Castle & Cooke, before turning around its assets to make himself hugely wealthy. In a press statement on Wednesday (June 20), Hawaii Governor Neil Abercrombie confirmed the bid by Ellison. > Google wins Android copyright ruling against Oracle "It (more)...