Ellen degeneres buys brad pitt's malibu home for $12 million

It is official: Ellen DeGeneres is the proud owner of a new home. The former home of a very A-list actor.

Transactions were completed Friday to finalize the purchase of Brad Pitt's Malibu manse for $12 million, PEOPLE has learned.

The property overlooks the Pacific Ocean, has private beach access, consists of two separate houses, a pool, a tennis court and lush gardens.

DeGeneres's interest in the estate was first buzzed about around Thanksgiving, a month after she and wife Portia De Rossi put their Architectural Digest-featured home on the market for $49 million.

Source: People.com