Topgolf parent buys competitor BigShots Golf for about $29 million ...Middle East

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Carlsbad, Calif.-based Topgolf Callaway Brands Corp. purchased competing brand BigShots Golf and some of its locations from Invited Inc. of Dallas for about $29 million, the company said Wednesday. The deal includes one U.S. location owned by Invited, royalties from three franchised locations and development rights for other potential locations. It also includes an agreement with Invited to feature Topgolf Callaway Brands’ products and merchandise at Invited’s more than 140 golf and country clubs. Related:Sports-media partner of Texas, SMU, TCU, A&M, UNT avoids bankruptcy with $600M-plus deal Chip Brewer, president and chief executive officer of Topgolf Callaway Brands, said the company ha

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