Callaway Golf Company Completes Merger with Topgolf International
March 8, 2021
Callaway Golf Company and Topgolf International have completed their previously announced merger to form a combined, tech-enabled golf and entertainment leader. Under the terms of the deal Callaway issued approximately 90 million shares to Topgolf shareholders; immediately post-close Callaway shareholders owned ~51.3% and former Topgolf shareholders owned ~48.7% of the combined company, which is headquartered in Carlsbad, California with Topgolf operations based in Dallas, Texas.
- Buyers
- Callaway Golf Company
- Targets
- Topgolf International, Inc.
- Sellers
- Former Topgolf shareholders (excluding Callaway)
- Industry
- Media & Entertainment
- Location
- Texas, United States
- Transaction Type
- Buyout
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