LOS ANGELES (Reuters) - U2 guitarist the Edge has paid almost $15 million for a 120-acre property in the upscale beach resort of Malibu, the Los Angeles Times said on Sunday.

The Irish rocker’s new acquisition — based in a canyon rather than on prime oceanfront — boasts a cottage and a creek, the paper added. The Edge, whose real name is Dave Evans, already has homes in Ireland and France.

He helped organize an auction of music memorabilia in New York on Saturday to raise money to buy instruments for musicians who lost their livelihoods after Hurricane Katrina.

Related posts:

• The Edge hosts charity auction amid work on new U2 albumBy Sandy Cohen, AP Entertainment Writer Guitarist the Edge takes a break from recording new U2 album to host charity auction LOS ANGELES (AP) -- For the second year in a row, the Edge is putting his money where the music is. The U2 guitarist announced Wednesday he will donate...
• U2’s The Edge Sells His Favourite Guitar For CharityU2's The Edge has sold his favourite guitar at a charity auction for New Orleans musicians devastated by Hurricane Katrina. The Gibson Les Paul had been used on every U2 tour since 1985, and was purchased for $240,000 by an anonymous buyer. A pair of Bono's sunglasses fetched $20,000 during...
• U2 turn down $25 million for commercialU2 turn down $25 million for commercial U2's front man Bono has revealed that himself and other members of the band have turned down $25 million from a leading motor company. The band were approached by the corporation and offered the sum in return for using "Where the Streets Have...