Callaway Sells Struggling Topgolf To Los Angeles Private Equity [zero hedge]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: zero hedge
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 2020 for about $2 billion. After the sale closes in 1Q26, the company will rebrand itself as Callaway Golf Company under the ticker "CALY" and refocus on its core golf equipment brands, stepping away from the struggling golf-experience chain. In September, Golf Digest published a report based on conversations with former Topgolf executives Devin Charhon and Michael Canfield, revealing that Topgolf nev
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MODG
News
- Topgolf Callaway Brands (NYSE:MODG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Topgolf Callaway: Leonard Green's Takeover Signals A New Chapter For The Entertainment Golf Giant [Seeking Alpha]Seeking Alpha
- Topgolf Callaway Brands (NYSE:MODG) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- What Catalysts Are Shifting the Story for Topgolf Callaway Brands? [Yahoo! Finance]Yahoo! Finance
- Topgolf Callaway Brands (NYSE:MODG) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
MODG
Earnings
- 11/6/25 - Beat
MODG
Sec Filings
- 12/5/25 - Form 8-K
- 11/25/25 - Form 8-K
- 11/18/25 - Form 8-K
- MODG's page on the SEC website