Callaway Sells Struggling Topgolf To Los Angeles Private Equity We raised the question back in 2023: was the Topgolf mania just another consumer hype bubble? Turns out that may have been the case. Topgolf Callaway Brands had been trying to unload or spin off the Topgolf unit for some time, and now they have. Bloomberg reports that Callaway has sold a 60% stake in its Topgolf and Toptracer division to Leonard Green & Partners in a deal valuing the business at about $1.1 billion. This means the 60% stake will generate about $770 million for Callaway. Callaway originally acquired Topgolf in… — Continue at ZeroHedge News : Read More
