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Power broker buys another power house

Hollywood power broker Michael Ovitz has purchased a home in posh Beverly Hills.

He reportedly paid $6 million for the property, which includes a tennis court, pool and sits on more than two acres. The main house built in the 1940s is expected to be torn down and rebuilt.

Ovitz, 54, and wife, Judy, also have a 90-acre ranch in Ojai, where they breed horses.