Just as it was three years ago, Take-Two is again rumored to be the target of an acquisition by a major publisher. Following a noteworthy week in which it canceled the 2011 edition of Guitar Hero and seemingly shelved the franchise for the time being, Activision Blizzard is rumored to be interested in acquiring Take-Two."There are very strong rumors amongst people at a very senior level within the global business," a senior executive told MCV. "But there're not much more than that at the moment -- they are just rumors. And, of course, given Activision's news this week, everyone is now looking to see what their next move is. But you can definitely put two and two together and make four-ish."

Electronic Arts attempted a hostile takeover of Take-Two prior to the release of Grand Theft Auto IV in 2008. The move was given the go-ahead by the Federal Trade Commission but ultimately talks fell apart by September 2008.

Activision made a major move when it merged with Vivendi Games in mid-2008, so a move like acquiring Take-Two wouldn't be completely unheard of for the company.

Take-Two is best known for Grand Theft Auto and being the owner of 2K Games, but it is also responsible for developing and publishing quite a few other series -- Red DeadBioShockNBA 2K, and Midnight Club among them. MCV points out Activision's sudden cancellation of True Crime: Hong Kong this week could be taken as a move made to benefit Grand Theft Auto, but that's pure speculation.

Assuming this rumor is true, it doesn't mean that GTA fans need to worry that the series will be turned into GTA of Warcraft Duty Hero and run into the ground as many would argue Guitar Hero was. (Keep in mind that three GTA games were released between October 2001 and October 2004.) It is speculated that the possibility of the next GTA being released in 2011, several key Rockstar employees -- Dan and Sam Houser, as well as Leslie Benzies -- have contracts expiring at the end of January 2012.

Were Activision to acquire Take-Two, it seems safe to assume that it would be willing to assure the Rockstar heads that they won't be forced to push out a GTA game on an annual basis. Activision showed with its Bungie publishing deal that it's willing to concede certain points in order to secure a major deal.

These are just rumors as of now.