Earlier today, multimedia conglomerate Warner Bros. emerged as the sole bidder on struggling video game developer and publisher Midway, therefore winning by default, LA Times reports:

After Warner Bros. lobbed its offer in May, Midway had hoped to spark a bidding war that would jack up the price. A Chicago investment group and several game publishers had been kicking the tires at Midway, according to a source familiar with the discussions. But none pulled the trigger on a deal.

"No other bids came in, so there's not going to be an auction," confirmed Midway's spokesman, Geoff Mogilner.

As reported earlier however, several complaints including one from Larry Kasanoff of Threshold Entertainment must be resolved before the sale is final. These hearings will begin on July 1st, 2009. Warner Bros. will then absorb many of Midway's assets, including the Mortal Kombat series and the Chicago studios which develop it.

To read the article in full, click here. We will keep you posted on the progress of this sale as the information becomes available early next month.