Investments
7Portfolio Exits
3About Sinclair Ventures
Sinclair Ventures is a wholly owned subsidiary of Sinclair Broadcast Group. Sinclair Ventures invests in companies that offer compelling business opportunities that are of strategic value to its parent company.
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Latest Sinclair Ventures News
Jun 2, 2023
Stock-ticker symbol remains SBGI Sinclair headquarters in Hunt Valley, Md. (Image credit: Jerry Jackson/The Baltimore Sun/Tribune News Service via Getty Images) Sinclair Broadcast Group has officially become Sinclair, a new holding company, following the exchange of Sinclair Broadcast Group stock for Sinclair shares, effective June 1. The company announced plans to set up the new holding company in April. The new Sinclair will have two divisions: 1) Sinclair Broadcast Group, which will include its stations and its bankrupt Diamond Sports Group , parent of the Bally Sports regional networks; and 2) Sinclair Ventures, the home for its private equity and real estate assets, Tennis Channel and the Compulse ad-tech unit. “We believe the new structure will provide greater flexibility for creating value within the company,” CEO Chris Ripley said when the plan was announced. “The new structure simplifies the corporate structure and improves the transparency of financial disclosures on the value drivers of the company." Sinclair stock will continue to trade under the ticker symbol SBGI. Broadcasting & Cable Newsletter
Sinclair Ventures Investments
7 Investments
Sinclair Ventures has made 7 investments. Their latest investment was in Jadoo Power as part of their Series B on April 4, 2005.
Sinclair Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/13/2005 | Series B | Jadoo Power | $11M | Yes | ||
3/31/2005 | Series B | |||||
10/21/2003 | Series A | |||||
7/22/2003 | Series B | |||||
1/22/2001 | Series A |
Date | 4/13/2005 | 3/31/2005 | 10/21/2003 | 7/22/2003 | 1/22/2001 |
|---|---|---|---|---|---|
Round | Series B | Series B | Series A | Series B | Series A |
Company | Jadoo Power | ||||
Amount | $11M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources |
Sinclair Ventures Portfolio Exits
3 Portfolio Exits
Sinclair Ventures has 3 portfolio exits. Their latest portfolio exit was VisionAIR on September 26, 2011.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/26/2011 | Acquired | ||||
Date | 9/26/2011 | ||
|---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources |
Sinclair Ventures Acquisitions
2 Acquisitions
Sinclair Ventures acquired 2 companies. Their latest acquisition was Four Points Media on September 23, 2011.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/23/2011 | Acquired | |||||
7/8/1998 |
Date | 9/23/2011 | 7/8/1998 |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources |
Sinclair Ventures Team
2 Team Members
Sinclair Ventures has 2 team members, including current Chief Executive Officer, President, David D. Smith.
Name | Work History | Title | Status |
|---|---|---|---|
David D. Smith | Chief Executive Officer, President | Current | |
Name | David D. Smith | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer, President | |
Status | Current |
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