The chief executive officer of Facebook has said he is reconsidering trying to gain isolated pockets of land on his sprawling Hawaii estate through a law unique to the islands.
Mark Zuckerberg said in a statement that they were "reconsidering the quiet title process and discussing how to move forward."
He says they want to make sure they are following a process that protects the interests of property owners and respects the traditions of native Hawaiians. The story was first reported by the Honolulu Star-Advertiser.
More From This Section
The parcels initially belonged to Native Hawaiians who were awarded the land during the mid-19th century, when private property was established in the islands.
Many owners died without a will, and courts never determined who inherited the land. Zuckerberg was asking the court to find the owners and provide them fair compensation.
Disclaimer: No Business Standard Journalist was involved in creation of this content