ABS-CBN after having exclusive negotiations with the PBA for two months, withdrew its bid for the broadcast rights of the most popular league in the country. The reason given was that although they were able to agree on many issues, there were a few that were non negotiable so the big network decided it wasn't worth it.
Reports from news articles state that the board had already decided and in fact had an overwhelming 8-1 vote. Purefoods even requested to have their vote counted for this matter as they also strongly felt Solar was a better choice to make it 9-1. So with everything moot and academic, ABS-CBN decided to pull out before an official statement was made by the PBA. Third party groups also recommended Solar over the giant network for reasons only the board would know right now.
Whatever the reason for the pullout, Solar now has an excellent chance in getting the nod on Tuesday when the board convenes again about the matter. Being the one who put together the presentation, I certainly believe Solar's bid was compelling with or without the pullout. If the PBA does decide to award the rights to Solar, I will post some of the bid details here so everyone can appreciate the strength of the proposal. It seems practically all the board members saw the merits of what was presented by Solar compared to Studio 23.