As we told you the other day, other than the issue with the movie and television rights to Mortal Kombat, it would appear that, as we previously told you, the majority of Midway’s assets will go to Warner Bros., as no other serious bidders have appeared, despite several looks from other potential suitors.

According to what our sources are telling us, Warner Bros. bid of approximately $33 million for the majority of the company’s assets is the only real offer to emerge. Midway was accepting offers until June 24th and the actual auction was to take place on June 29th. With Warner Bros. the only serious bidder, there will be no need for an actual auction.

In the deal Warner Bros. would get the rights to the majority of the company’s new and classic IP and take control of Midway development studios in Chicago, which are responsible for the Mortal Kombat and Stranglehold franchise and the Seattle studio, which handled The Suffering and This is Vegas franchise. The purchase by Warner Bros. does almost make the likelihood of a second Mortal Kombat Vs. DC release even more likely, as DC has a close working relationship with Warner Bros.

The news is not at all good for the San Diego and Newcastle Midway studios that appear to be out in the cold with this deal. The Newcastle studio most recently wrapped up the release of Wheelman, which is likely to go down in history as the final Midway console release, although it was released in conjunction with Ubisoft.

Wheelman is not part of the Warner Bros. deal and it is unknown at this time why this is the case, but according to reports Warner Bros. was not impressed with the title’s soft sales numbers; and our sources tell us that they felt that although the franchise had potential, it would need major work for it to continue and become profitable. It is thought, however, that Ubisoft might have a deal on the table as part of their distribution deal for Wheelman, and it could be that the rights to Wheelman might end up with Ubisoft in the end.

As for Midway’s Newcastle studio, they are shopping a new title called Necessary Force and are attempting to gain the interest of a new buyer who would be willing to take both the team as well as this new property. From the whispers that we hear, Newcastle would also like to continue with the sequel for Wheelman which was already in the pre-planning stages and would like to bid on obtaining the rights to the Wheelman franchise. We hear that publishers are looking at Newcastle and the team has a couple of weeks left to get a deal in place before the doors are likely to be closed. Midway Newcastle has a pretty experienced team in place that could be an excellent pickup for a publisher who is looking to expand their offerings, and with the Necessary Force IP it sounds like they already have something to offer.