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"&lt;p&gt;&lt;/p&gt;&lt;p&gt;Larry Ellison, the CEO of software giant Oracle Corp. ranked by Forbes as the third-richest person in the U.S., has inquired about buying the Memphis Grizzlies and wants to move them to San Jose, reports Ronald Tillery of the Memphis Commercial Appeal.&lt;/p&gt;&lt;p&gt;Ellison, who is worth $36 billion, has made unsuccessful attempts in past years to buy both the New Orleans Hornets and Golden State Warriors. He has inquired about the Grizzlies before over the past five years, to no avail.&lt;/p&gt;&lt;p&gt;Current majority owner Michael Heisley told the Commercial Appeal he doesn't expect the team to be sold or relocated, and he emphasized that the Grizzlies have leased the FedEx Forum in Memphis through 2021.&lt;/p&gt;&lt;p&gt;\u201CI can\u2019t downplay it enough,\" Heisley said of the Ellison rumor. \"If it happens, I\u2019ll be surprised. It\u2019s in the initial stages. We\u2019ve handled this just like we\u2019ve handled several other dozen requests. My situation in Memphis has not changed a lick.&lt;/p&gt;&lt;p&gt;\"My preference will always be for somebody in Memphis to buy the team. There\u2019s not any interest in Memphis. But we\u2019ve always made it known that if somebody wants to buy the team, we\u2019ll listen. If they\u2019re real buyers, we\u2019ll probably be sellers. So far, there hasn\u2019t been anyone willing to buy the team under my terms and for my price.\u201D\nHeisley's price is reportedly $350 million.&lt;/p&gt;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.si.com/si-wire/2012/03/18/report-californian-billionaire-larry-ellison-wants-to-buy-grizzlies-move-to-san-jose>