Records: Tenn. took loss on sale of home to Jobs - Action News 5 - Memphis, Tennessee

Records: Tenn. took loss on sale of home to Jobs

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Records show that the state of Tennessee sold a Memphis home to a company linked to Apple Inc. founder Steve Jobs in 2009 for $475,000 less than the state paid for it four years earlier. Records show that the state of Tennessee sold a Memphis home to a company linked to Apple Inc. founder Steve Jobs in 2009 for $475,000 less than the state paid for it four years earlier.
MEMPHIS, TN -

(AP) - Records show that the state of Tennessee sold a Memphis home to a company linked to Apple Inc. founder Steve Jobs in 2009 for $475,000 less than the state paid for it four years earlier.

State records obtained by The Commercial Appeal show that the state sold the former University of Tennessee Health Science Center chancellor's home to a limited liability corporation Jobs set up for $850,000 in March 2009. Jobs used the two-story home located in an exclusive neighborhood while recovering from a liver transplant in Memphis.

The state had purchased the home for $1,325,000 in 2005 for then-chancellor Bill Owen. After Jobs died last October, Dr. James Eason, Jobs' surgeon, bought the home.

Shelby County commissioners have questioned whether the transplant was connected to the house deal.

Information from: The Commercial Appeal.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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