Callaway completed the merger with Topgolf in a $2.55bn deal.

Callaway, a company that designs, develops, and markets golf clubs, completed the merger with Topgolf, a company that operates golf entertainment facilities, in a $2.55bn deal. "Callaway and Topgolf are just better together. Callaway's leadership in the global golf equipment market and geographic diversity, combined with Topgolf's revolutionary technology platform and access to golfers of all abilities, will allow both companies to accelerate growth and create competitive advantages. This transformational merger has already created and will continue to create meaningful shareholder value. We are very excited to begin this next chapter and I cannot wait to see what we can accomplish together," Chip Brewer, Callaway President and CEO.