Story perspectives
Topgolf Nears $1 Billion Sale to Leonard Green
11/15/2025
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Story summary
- Topgolf Callaway Brands is in advanced talks to sell its Topgolf division to private equity firm Leonard Green for about $1 billion.
- Leonard Green has already advised management and holds a minority stake in Topgolf.
- Topgolf's shares rose about 7% to $11.27 after the news, near the 52-week high of $11.60.
- The company plans to split its divisions to boost shareholder value after a 73% decline since the 2021 merger.
