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Oracle Corp. CEO Larry Ellison (PAUL SAKUMA/Paul Sakuma/Associated Press)
Oracle Corp. CEO Larry Ellison (PAUL SAKUMA/Paul Sakuma/Associated Press)

Update: How a billionaire deals with bad neighbours? Just like everyone else, apparently Add to ...

Update: Oracle chief executive Larry Ellison has issued a statement, saying that contrary to media reports, including our own, he has not bought the house next door.

Yesterday Gawker reported that Mr. Ellison had purchased the house next to his for $40-million (U.S.), after a lengthy dispute with his neighbours who lived downhill from his property. The same story, reported by Curbed SF, was picked up by news outlets far and wide, from The San Francisco Examiner and NBC to The Sydney Morning Herald and the Daily Mail.

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Sorry, readers. Turns out, in an e-mail from Oracle's communications director, Mr. Ellison set the story straight:

"All of the newspaper stories reporting that I am buying the house next-door to my San Francisco home for $40 million are untrue," he said. "No one has ever offered to sell me the house next-door for $40 million or any other price. If someone does offer to sell me the house next-door for $40 million or an amount anywhere near $40 million I will not buy it."

Mr. Ellison had been embroiled in a lengthy dispute with his neighbours Jane and Bernard von Bothmer over the trees on their property, which apparently obstructed his view. The Wall Street Journal reported earlier this week that Mr. Ellison had reached a settlement in his lawsuit against the couple, and that under the terms of the deal, the von Bothmers would cut the trees.

While the story that Mr. Ellison bought a whole other house turned out to be false, the question still stands: How have you dealt with neighbourly disputes?

Editor's Note: The Hot Button blog originally reported inaccurate information based on a report issued by Gawker. This version has been updated with the latest information

 

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