By Ben Pearson/July 19, 2018 7:30 am EST
In 1979, singer Kenny Rogers turned “The Gambler” into a huge radio hit with lyrics that read in part, “You’ve got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run.” Comcast has seemingly taken that advice, because the company is doing at least two of those things: Deadline says it has officially dropped out of the bidding process and ceded the deal to Disney.
Update: Bob Iger, the CEO of The Walt Disney Company, has since released a statement of his own:
