Callaway and Topgolf—What’s Next?

Callaway Golf’s (NYSE: ELY) purchase of Topgolf International, Inc. has been completed, paid for with the issuance of 90 million additional shares of stock valued at less than $1.8 billion the time of the announcement last October and not counting the 14% of Topgolf Callaway already owned. Continue reading

Callaway Takes Over Topgolf in $2 billion Stock Deal

Callaway Golf (NYSE: ELY) is buying Topgolf Entertainment Group for shares valued at approximately $2 billion which includes the 14% Callaway previously owned. The purchase places Callaway, already the largest golf equipment manufacturer, in the forefront of the golf entertainment business and appears to be a dynamic match for these two leaders of their respective business segments. Continue reading