Rupert Murdoch's New York Post is hardly a reliable source of information, so classify this one as "rumor".

According to the New York Post, Bono's private-equity firm, Elevation Partners, is looking to bid on the ailing video game publisher and developer Take-Two (the company responsible for "Grand Theft Auto" titles). If this buyout were to take place, Elevation Partners could merge Take-Two with video game developers Pandemic Studios and BioWare, which were acquired and merged by Elevation Partners just last year.

Take-Two has been embattled in lawsuits since last year's "Hot Coffee" debacle. It has also had its fair share of stock market woes, as it has been under regulatory investigation for its "habit of restating earnings". It is because of these problems that analysts at Banc of America Securities believe that any takeover of Take-Two by any company is unlikely (Source: GamesIndustry.biz).