Topgolf, Callaway Golf announce blockbuster deal to create golf industry giant

Dallas-based Topgolf Entertainment Group and Callaway Golf Co. announced on Oct. 27 that they will combine, creating a player unlike any other in the golf industry.

The announcement comes just a few hours after the Wall Street Journal reported the two parties were in talks about a potential deal. The move will create a company with pro forma 2019 revenue of nearly $2.8 billion — over $1.7 billion from Callaway and nearly $1.1 billion from Topgolf — and values Topgolf at approximately $2 billion.

The…