Topgolf sold to private equity firm for $1.1 billion [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
Topgolf Callaway Brands is selling a majority stake of its Topgolf brand to private equity firm Leonard Green for approximately $1.1 billion. The parent company will retain a 40% stake in the eatertainment concept while shifting most of its focus to its equipment and apparel business. This news comes as Topgolf has experienced a significant downturn as consumers pull back on their discretionary spending. Same-venue sales have declined double digits throughout much of this year, while layoffs hit the concept's corporate office in Dallas in February . CEO Artie Starrs announced his resignation in early August Callaway acquired Topgolf in March 2021 for $2.6 billion. In connection with this sale and its related financing transactions, Topgolf Callaway Brands expects to receive approximately $770 million in net proceeds subject to purchase price adjustments. "As we considered various alternatives to separate Topgolf, including a potential spinoff transaction, we received interest f
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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