{"id":78211,"date":"2013-04-18T19:08:45","date_gmt":"2013-04-19T02:08:45","guid":{"rendered":"http:\/\/www.stokednews.com\/?p=78211"},"modified":"2013-04-18T19:08:45","modified_gmt":"2013-04-19T02:08:45","slug":"business-news-billabong-founder%e2%80%99s-losses-estimated-at-960-million-in-takeover","status":"publish","type":"post","link":"http:\/\/www.stokednews.com\/?p=78211","title":{"rendered":"Business News &#8211; Billabong Founder\u00e2\u20ac\u2122s Losses Estimated at $960 Million in Takeover"},"content":{"rendered":"<p style=\"text-align: left;\">The Gold Coast\u00e2\u20ac\u2122s richest surfer, Billabong founder Gordon Merchant, looks lined up to suffer a massive wipeout. Mr. Merchant, the largest shareholder in the iconic Gold Coast-based surfwear brand, could lose about $960 million from his stake in the home-grown brand which he started in 1973.<\/p>\n<p style=\"text-align: left;\">The board of the bruised and battered surfwear giant late yesterday indicated it had entered into a 10-day period of exclusive talks with Paul Naude, the head of Billabong in the Americas, and his private equity partner, Sycamore. They are trying to stitch up a cash-and-share deal that will mean the once-great surfwear giant falling in to\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 &#8230;\u00c2\u00a0 <a href=\"http:\/\/business.transworld.net\/127127\/news\/billabong-losses-estimated-at-960-million-in-takeover\/?cmpid=enews41713&amp;spPodID=030&amp;spMailingID=17285110&amp;spUserID=NDk2MTg2ODA3MQS2&amp;spJobID=214454279&amp;spReportId=MjE0NDU0Mjc5S0\" target=\"_blank\">More<\/a><\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.stokednews.com\">www.stokednews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gold Coast\u00e2\u20ac\u2122s richest surfer, Billabong founder Gordon Merchant, looks lined up to suffer a massive wipeout. Mr. Merchant, the largest shareholder in the iconic Gold Coast-based surfwear brand, could lose about $960 million from his stake in the home-grown brand which he started in 1973. The board of the bruised and battered surfwear giant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[],"class_list":["post-78211","post","type-post","status-publish","format-standard","hentry","category-action-sports-business-news"],"_links":{"self":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/78211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78211"}],"version-history":[{"count":1,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/78211\/revisions"}],"predecessor-version":[{"id":78212,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/78211\/revisions\/78212"}],"wp:attachment":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78211"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}