TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Topgolf Callaway Sells 60% Stake For $1.1 Billion

Benzinga Logo Benzinga By Lekha Gupta
Topgolf Callaway Sells 60% Stake For $1.1 Billion

Topgolf Callaway Brands agreed to sell a 60% stake in its Topgolf and Toptracer business to private equity funds for $1.1 billion, expecting to receive $770 million in net proceeds. The company plans to refocus on its core Golf Equipment & Active Lifestyle platform.

Insights
QBTS   neutral

Serves over 100 customers but extremely high valuation (335x sales) with low projected revenue indicates speculative potential


MODG   neutral

The sale represents a strategic repositioning to focus on core business segments, with potential financial benefits like debt reduction and shareholder returns