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".

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.

A lot of games will be heading to Leipzig later this month for the 2008 Games Convention, but sadly, Ubisoft's upcoming title I Am Alive will not be one of them. More in the full article.

Ubisoft's Jade Raymond is reportedly going to get real busy again real soon. She's supposedly going to work on a new game called I am Alive developed by Dark Works and it will be shown in this year's E3. The rest of the details follow after the jump.

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.

Hot off EA CEO John Riccitiello's announcement of a new Need For Speed game, some less exciting revelations were dropped. The publisher revealed that two of their premiere titles won't be coming out until early 2009. The games in question are BioWare's Dragon Age and Pandemic's Saboteur. More details after the jump.

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.

A recent report is hinting that Microsoft wants some of the industry's best people to work on its Gears of War sequel. One of their prime catches is among the cream of the crop in the gaming scene's free agent list. Find out who this former EA Chicago boss is when you read 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.