More tech industry buyers are snapping up LA real estate

April 2, 2015 12:07 PM

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Tech moguls looking to buy a trophy home have long turned to Southern California.

Billionaire Larry Ellison has become almost legendary for purchasing prized beachfront Malibu properties. Amazon.com's Jeff Bezos spent $24.5 million for a Beverly Hills compound. Sean Parker, of Napster and Facebook fame, dropped $55 million last year to buy Ellen DeGeneres' mansion.

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