Topgolf, Callaway Golf announce blockbuster merger to create golf industry giant

Dallas-based Topgolf Entertainment Group and Callaway Golf Co. announced a merger Tuesday that will create a player unlike any other in the golf industry. The announcement comes just a few hours after the Wall Street Journal reported the two parties were in talks about a potential deal Tuesday. The move creates a company with pro-forma 2019 revenue of nearly $2.8 billion — over $1.7 billion from Callaway and nearly $1.1 billion from Topgolf — and values Topgolf at approximately $2 billion. “As…

Dallas-based Topgolf Entertainment Group and Callaway Golf Co. announced a merger Tuesday that will create a player unlike any other in the golf industry. The announcement comes just a few hours after the Wall Street Journal reported the two parties were in talks about a potential deal Tuesday. The move creates a company with pro-forma 2019 revenue of nearly $2.8 billion — over $1.7 billion from Callaway and nearly $1.1 billion from Topgolf — and values Topgolf at approximately $2 billion. “As…

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