Topgolf Class Action Settlement Hearing Set for Oct. 13

A federal court judge in Chicago on Oct. 13 is expected to rule on approval of a settlement in a class action lawsuit brought by 2,660 Topgolf employees. The lawsuit alleges that Topgolf locations in Naperville, Ill., and Schaumburg, Ill., improperly required workers to scan their fingerprints when punching the clock. Topgolf and attorneys for […]

NYT report: TaylorMade Golf on the sales block

  TaylorMade Golf is on the sales block again, according to a story on The New York Times. The Times says TaylorMade owner KPS has hired Morgan Stanley to broker a deal. KPS bought TaylorMade from adidas AG in 2017 for $425 million, but really only paid $200 million in cash. Here’s where things go […]

FTC clears the way for Callaway Golf/Topgolf merger

Callaway Golf appears to be a step closer to closing on its agreement to acquire all of Topgolf. The FTC has granted antitrust clearance for Callaway Golf’s acquisition of the remaining part of Topgolf International that it doesn’t own. Callaway Golf and Topgolf this past October agreed to merge in an all-stock transaction worth approximately […]

Callaway and Topgolf sign merger agreement

In one of the biggest acquisitions in golf industry history, Callaway and Topgolf Entertainment Group today entered into a definitive merger agreement. Under the terms of the agreement, Callaway and Topgolf will combine in an all-stock transaction creating a global golf and entertainment company.The number of shares to be issued is based upon an implied […]

Lawsuit accuses Topgolf of antitrust violations

SureShot Golf Ventures, Inc., has filed an anti-trust lawsuit against Topgolf International Inc. The lawsuit, filed in federal court in Houston, accuses TopGolf of monopolizing the market for golf entertainment facilities, particularly in regards to Protracer technology that Topgolf acquired in 2016. The lawsuit, filed on May 18, basically is the continuation of antitrust litigation […]