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Former Yahoo CEO Terry Semel sells Malibu compound to Oracle chief Larry Ellison

The membership roll in Malibu's unofficial Billionaire's Beach club is shrinking. Former Yahoo Inc. Chief Executive Terry Semel and his wife, Jane, have sold their spot to Oracle Corp. head Larry Ellison, who already owns numerous homes along Carbon Beach.

By Lauren Beale, Los Angeles Times

September 25, 2012

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