Let me take a shot at this. Clearly the deal proves value in the action sports sector for private equity. Skullcandy never resonated with surfers very well (one of the reasons they are closing San Clemente). I think they are doing a lot better with skaters. The entire surf industry is in serious trouble right now but good to see Billabong survive with a monster financing deal among private equity interest. Definitely strengthens the perceived value of parallel type companies like Skullcandy. New CEO of Billabong is a Skullcandy board member. To answer the question, I don't think there is much of a chance that Billabong takes over Skullcandy and I don't think they are a good fit. If I were to guess, I'd say more likely Sony or Microsoft but most likely private equity as the value is there for a deal to happen. Definitely not a 'lock' and don't make an investment decision based on a notion of takeover as its purely speculation.