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Ex-Yahoo! CEO Sells Malibu Home to Larry Ellison for $37M

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Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got.

When Terry Semel's mansion on Malibu's Carbon Beach came up for sale earlier this year, the former Yahoo! CEO was asking some $50M for the glassy, Michael Graves-designed manse. The 10,000-square-foot beach house immediately attracted attention and has, according to TMZ, sold for $37M. One of The Real Estalker's ever reliable sources picks up the trail from there, naming the buyer as none other than prolific property purchaser Larry Ellison. The Oracle billionaire already owns plenty (read: hundreds of millions of dollars worth) of Malibu real estate, so it's no surprise he sought a discount on Semel's plot.
· Former Yahoo! CEO Unloads Malibu Estate...$13 Mil Under Asking Price [TMZ]
· Your Mama Hears... [The Real Estalker]
· Former Yahoo! Boss Lists for $50M on Malibu's Carbon Beach [Curbed National]