The buyout of Warner Bros. of publisher Midway has been OK'd by a bankruptcy judge, making the US$ 33 million acquisition a sure go. The deal is expected to finally close within 10 days, this according to the reports by the Chicago Tribune.

Midway is now owned by Warner Bros. -- by default. The LA Times report that the media conglomerate has won the bidding rights to Midway for US$ 33 million. So how come they won it by default? According to reports, the big WB was the only one who had a "serious offer".

What happens after a development team gets dissolved? Sometimes they get shuttled off to other projects. Sometimes they get together, come up with a cool name and logo, and go independent. The people behind Robomodo chose the second option, and now they've got a new game coming up for Activision Blizzard. Find out more about the studio after the jump.

Midway has opened the fiscal year with some pretty big losses, and some shuffling has been done in hopes of turning the company's fortunes around. Three top executives have had their resignations confirmed, while a few more could be made public in the coming days. More in the full article.

Midway has announced that it will be merging its San Diego and Los Angeles Studios by this September. Among other things, this merger may have a direct effect on the work of the development team behind TNA iMPACT! (Microsoft Xbox 360, Sony PlayStation 3, Nintendo Wii). Further details on this announcement are available in the full article.

Publisher Midway is lining up some serious bombshells for E3. The company has released the list of games it will be showing off at the event, and we all could see Mortal Kombat vs. DC Universe (Xbox 360, PlayStation 3) headlining Midway's parade from a mile away. See the full list in the full article up ahead.

Midway Games has been on a bit of a slowdown as of late with lukewarm reception on some of its releases, controversial resignations, and so-so financial results. The company seems to have felt the need for a change in leadership, prompting old CEO David Zucker to resign and for Interim CEO and President Matthew Booty to take over. Details on the move are available in the full article after the jump.

If you're worried that we won't see high-quality boxing games in this game generation, there's hope coming from 2K Games' Venom Studio. They're prepping up a new boxing sim called Don King Presents: Prizefighter for the Microsoft Xbox 360, Nintendo Wii, and Nintendo DS. We've got the first batch of screens which you can view when you go to the full article.

After assigning top-level executives to different assignments, Chicago-based publisher Midway has confirmed what it calls "routine" layoffs in its Austin outpost. Are the two moves tied to each other, or is this part of the company's normal procedures? See details in the full article and decide for yourself.

Here's one for the books: word got out from an inside source that the SCi, together with underling Eidos Interactive, may be seeing a merger with another well-known game company soon, if the alleged talks turn out to be true and actually pull through. The company in question is none other than Midway Games, who's just recently changed chairmans to Viacom's Shari E. Redstone. Mere coincidence? More at the full story.