David Beckham and Shaquille ONeal Make Billion-Dollar Splash in Surf Industry with Quiksilver and Billabong Buyout

David Beckham and Shaquille O'Neal Make Billion-Dollar Splash in Surf Industry with Quiksilver and Billabong Buyout

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Billabong, the event that once had a worth of 4 Billion USD and Quiksilver are ready for a buyout that has created a crossover of soccer and basketball with surfing. NBA legend Shaquille O'Neal and English soccer player David Beckham will be riding the billion dollars in the surfing industry through a new buyout. [{ "selector": ".kieff-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".kbcjd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-116px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".qnfbn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 321px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

'Authentic' hit the bull's eye among the big shots

According to Bloomberg, Authentic Brands Group and surf label Volcom have succeeded in acquiring Boardriders Inc, on which big shots like Vans and Bluester Alliance were keeping their eye.

An insight into 'Authentic' [{ "selector": ".etjff-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Boardriders Inc., the owner of Billabong, Quiksilver, and RVCA, is being acquired by 'Authentic', which also owns the David Beckham and Shaquille O'Neal labels, among other hotshots.

Worth of the buyout by 'Authentic'

Authentic and Volcom will be taking the keys to Quiksilver and Billabong, possibly this week in a deal worth USD 1.3 billion.

The reason behind Billabong and Quiksilver's buyout

Boardriders Inc.'s staff sacking due to the loans and Quiksilver's horrible acquisition of ski brand Rossignol forced these brands to put themselves on sale.

Video: Never-Seen-Before Electric Boards Are Becoming a Hot New Trend in the Surfing Community

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