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Team Grupo CCB Submits Univision Bid

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Reuters is reporting that Team Grupo CCB--the investor group made up by Mexico's Grupo Televisa, Venezuelan media investor Gustavo Cisneros, Bain Capital and Bill Gates's Cascade Investment fund--submitted a bid for Univision today. The bid is said to top an earlier bid by a group of investors known to DealBreaker readers as Team Power Rangers. Further details are unknown at this point but if you have a clue feel free to send a tip to Tips(at)DealBreaker(dot)com.

Televisa group submits Univision bid, shares rise