The talk show host and her gal have purchased the Malibu home of Brad and Angelina Jolie for a paltry $12 million.

The four-bedroom, four-bath, 4,000 square foot beachfront abode is a snug "downsize" from their $49 million dollar 15,000 square foot home that's been featured in Architectural Digest.

Pitt, who purchased the house after his split with Hollywood's hottest woman Jennifer Aniston, originally listed the house for $13.5 million.

Ellen and Portia's new pad overlooks the ocean, complete with private beach access, a pool and tennis court—can't complain about that!


Read more: eonline