11:25 AM EST, 11/14/2025 (MT Newswires) -- Topgolf Callaway Brands ( MODG ) is in discussions to sell its Topgolf unit to private equity firm Leonard Green, the Wall Street Journal reported Friday, citing people familiar with the matter.

A deal would value Topgolf at around $1 billion, though there is no guarantee that the talks will result in a transaction, the report said.

Leonard Green already holds a small stake in Topgolf, the report said.

Topgolf Callaway shares rose 7.6% in recent Friday trading.

Topgolf did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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