Callaway is set to sell its majority stake in tech-driven driving range company Topgolf to private equity firm Leonard Green Partners in a deal worth $1.1bn.

The first Topgolf facility opened in Watford near London, England, in 2000. Since then, it has expanded to over 100 locations worldwide.

Callaway first bought a stake in the company in 2006, with the companies signing off on a $2bn merger in March 2021. You may like

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However, in September 2024, Callaway Topgolf Brands announced a separation of the two companies into individual entities following a “strategic revi

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