I have no idea how the industry figuring out the asking price or the reasonable price at the down turn of the market with unknown debt ?
It surely could not be using the sales volume X the factor = agreeable final price line. Of course the seller could hold a baseline firm and that will cause "no sales". If lack of interest , Eventually the seller has to wait out for the market to turn around or close it down like Nike did. Leverage and expansion could be a two edged sword, like driving a car to it's limit is not always a good idea. Everyone was slowing down before the sharp curve ahead, kind of risky to jump in the speeding car right now.
I will guess, if and when TW makes a bid for the Taylormade brand, it'll be a joint venture with someone ( entity ) else. It very well be a multiple partnership. Unless he has a good plan to go public with the new company.
But why ? There is not much of real assets owned by Taylormade like factory, points of retail, it holds a few registered patterns and a huge distribution chain........ which could all be rebuilt within a few years with less than a few hundred millions. Way less than the potential asking price for the brand of Taylormade.
It does not make sense unless it's a fire sale and it is not, at this moment.