Callaway Golf to buy Topgolf

Posted online

Sports equipment manufacturer Callaway Golf Co. penned a deal to purchase the stake it does not already own in Topgolf.

The deal values Topgolf at roughly $2 billion. Founded in 2000, Topgolf first saw an investment from Callaway six years later. Callaway increased its stake to 14% in 2018.

Topgolf has 71 locations that either are open or are coming soon.

Read more from Axios.