Oct. 21 at 2:33 PM
$MODG The news is likely to Bloomberg terminal subscribers at this point. Per Grok: " MODG is actively exploring the sale of its Callaway Golf equipment business unit. The company is soliciting bids from potential buyers, from PE firms to fashion/apparel companies. The focus is specifically on the Callaway Golf segment, which includes golf clubs, balls, and related equipment (a core legacy business for MODG). This would not include Topgolf, TravisMathew apparel or Odyssey putters. PE players are circling, drawn by Callaway's strong brand in premium golf gear and potential for operational efficiencies or add-on acquisitions.Explicitly named was LIV, backed by Saudi Arabia's Public Investment Fund (PIF), has been expanding its commercial footprint
A Callaway sale could provide $ 1-2B in cash proceeds, funding debt reduction, Topgolf investments, or shareholder returns—aligning with CEO Chip Brews' comments in the July 2025 earnings call about "portfolio optimization."