Callaway and Topgolf join forces to create a world leader in golf and entertainment

Callaway Big Bertha. Callaway and Topgolf join forces to create a world leader in golf and entertainment

Callaway and Topgolf Entertainment Group

Callaway and Topgolf Entertainment Group announced today that the companies have entered into a definitive merger agreement. Under the terms of the agreement, Callaway and Topgolf will combine in a stock transaction that will create a world leader in golf and entertainment. The number of shares to be issued is based on Topgolf’s implied equity value of approximately $ 2 billion including the 14% that Callaway already owns. Topgolf is the leading technology-enabled golf entertainment company, with an innovative platform comprising its groundbreaking outdoor venues, revolutionary Toptracer technology, and an innovative media platform with a differentiated position in esports. Topgolf generated approximately $ 1 billion in revenue in 2019 and has grown at a compound annual rate of 30% since 2017. Callaway is a global market leader in golf equipment with a position of scale in active lifestyle soft products and a proven ability to deliver strong returns, including company growth that has outpaced the growth of the golf market for seven consecutive years.[...] read more

The Balearic Islands, and and its most important islands Majorca, Menorca and Ibiza

Alcanada Golf Course in Balearic Islands

Balearic Islands

The Balearic Islands are an Spanish archipelago situated in the western Mediterranean Sea, near the Spanish coast.

The four largest islands are Majorca, Menorca, Ibiza, and Formentera. Many minor islands and islets are close to the larger islands, including Cabrera, Dragonera, and S’Espalmador. The islands have a Mediterranean climate, and the four major islands are all popular tourist destinations. Ibiza, in particular, is known as an international party destination, attracting many of the world’s most popular DJs to its nightclubs. The islands’ culture and cuisine are similar to those of the rest of Spain but have their own distinctive features.[...] read more

Spain will host Solheim Cup for the first time, with Finca Cortesin golf course as the main stage

Finca Cortesin golf course

Finca Cortesin golf course

Finca Cortesin golf course

The Ladies European Tour announced today that Spain will host the Solheim 2023 Cup on the spectacular Finca Cortesin golf course in Andalusia. Scheduled dates for the competition will be concluded soon.

Spain becomes the 6th European country to host this competition after Scotland, the most recent headquarters on European soil, Wales, Sweden, Ireland and Germany.[...] read more