Callaway Golf Reports Mixed Q2 Results CDI Reports Record Quarterly Revenue Providence Equity, WPP Eye $547M Chime Takeover DraftKings Closes On $300M Series D Round DraftKings To Close VC Funding In Coming Weeks FanDuel Closes On New VC Financing Cuban Among Group Raising Funds For Unikrn Nike Sees Sales Rise 4.8% In Q4 Sources: MLBAM Eyes IPO For Non-Baseball Division VenueNext Gets $9M In New Financing
Published October 9, 1997
GOLFWORLD's Steve Pike reports sources say ski industry manufacturer K2 "is interested in buying a golf-equipment company." K2's plans, however, might be on hold because of "slumping" in-line skate sales. The company projects a 42% decline in 3Q earnings and a 9% decline in revenue (GOLFWORLD, 10/3)....MO-based Rawlings Sporting Goods Co. Inc. lost $715,000 last quarter, but reported that profit for its fiscal year was up 3.8% to $5.4M (ST. LOUIS POST- DISPATCH, 10/8)....Tommy Armour Golf CEO Michael Magerman will take a leave of absence, designed to enable him to focus his energies on purchasing Tommy Armour Golf Company from U.S. Industries (Armour Golf).