Topgolf Callaway falls after selling majority stake in Topgolf at $1.1 billion valuation

The Gap

18/11/2025 13:37

** Shares of golf equipment maker Topgolf Callaway Brands  down 6.3% premarket

** Co sells majority stake in its Topgolf unit, business valued at $1.1 billion, to private equity firm Leonard Green

** MODG will receive $770 million in net proceeds from the sale of its 60% stake

** As of last close, MODG up ~38%, YTD

 (Reporting by Sanskriti Shekhar and Neil J Kanatt in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))