Callaway Sells Off Topgolf for a Huge Loss

inc.com·Nov 20

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Callaway is selling off a majority stake in its Topgolf business, with the deal reportedly valued at $1.1 billion. The sale is seen as a significant loss for Callaway, with some outlets suggesting that Topgolf lost nearly $1 billion in value. The buyer is a private equity firm, specifically Leonard Green & Partners, based in Los Angeles.

Full coverage

What Went Wrong with Topgolf? How the Once-Buzzy Concept Lost Nearly $1 Billion in Value

D Magazine·Mar 2

Callaway sells Topgolf for $1.1 billion

Golf Digest·Nov 18

Inside The Rise and Fall of Topgolf (And Why Callaway Is Walking Away)

Huddle Up | Joe Pompliano·Nov 19

TOPGOLF CALLAWAY BRANDS ANNOUNCES AN AGREEMENT TO SELL A MAJORITY STAKE IN ITS TOPGOLF BUSINESS TO LEONARD GREEN & PARTNERS

Yahoo Finance·Nov 18

Topgolf Sold To Private Equity For $1.1 Billion

MyGolfSpy·Nov 19

Callaway Golf is selling off most of Topgolf on the cheap — and ditching the name

MarketWatch·Nov 18

Topgolf Sold to LA Private Equity Firm in $1.1 Billion Deal

Bloomberg.com·Nov 18

Callaway Unwinds Sub-Par Acquisition of Topgolf

The Daily Upside·Nov 19

View original report at inc.com ↗

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