MODG put an end to more than a year of speculation over Topgolf’s fate, announcing it has inked a definitive agreement to sell a 60% stake in Topgolf and Toptracer to private equity firm Leonard Green & Partners at a $1.1 billion valuation, down by nearly half from Topgolf’s $2.0 billion at the time of the 2021 Callaway merger. The sale and related financing transactions should translate to about $770 million in net proceeds. The transaction, which received the board’s unanimous stamp of approval, is expected to close in Q1 2026, ... Log in to view full article.