An MMO GTA? Can you imagine that? Janco Partners is certainly imagining it as it ponders on Take-Two Interactive's prospects at acquisition. Mike Hickey is of the opinion that given the proven success of the franchise, the company is a very enticing candidate for future acquisition.

Strauss Zelnick of Take-Two Interactive recently spoke at the BMO Interactive Entertainment conference and shared his opinion on the game industry's standing amidst the ongoing economic turmoil. His observation: they're not immune from recession. His prediction: it's not looking good. Find out more about these earth-shaking revelations after the jump.

Take-Two Interactive, still hot in talks with Electronic Arts (supposedly) over their merger, has sent in its financial statement for the previous fiscal quarter. The report reveals their line-up of games for the next (fiscal) year. Details in the full article.

Electronic Arts and Take-Two Interactive (who's not seemingly very interactive in this case) are still engaged in a struggle as to the negotiations pertaining to the acquisition. It's been going on quite a long while now, and still there's no clear light at the end of the tunnel. Well, at least it gives Michael Pachter something to do. More forecasts from the analyst of Wedbush Morgan on the possible outcomes of this whole drama-filled take-over dance.

Take-Two Interactive Software, the distributor of Grand Theft Auto 4 (Xbox 360, PlayStation 3) and other games, has given word that it is planning to expand into Asia Pacific markets. The company has tapped an experienced senior executive to help them establish a foothold in Asia. For more information, don't hesitate to click on the "read more" link below.

The biggest development these days in the video game industry is EA's plans to buy Take-Two Interactive. As you all know, however, the publisher has turned down the offer due to a couple of reasons.

But the biggest question here is why EA wants Take-Two so much. CEO John Riccitiello recently granted an interview and explained their stake on this deal. The full story awaits after the jump!

Oh yes! Surfer girl's at it again by riding the waves and waves of rumors circulating the net. As always, she's got a chockful of tales for all those who are interested. This time around she talks about, Disney's "inspired" Rock Band title, Mass Effect for the PC, news on a BioShock movie, and more. Details of the rumors after the jump!

 With ever-rising costs of production of a good-quality title, Take-Two Interactive CEO Ben Feder says that it's no wonder Activision and Vivendi merged. The industry stalwart even went as far as to say that consolidation in the industry is inevitable. Will this be the start of a new age in the gaming business?

Roll out the red carpet! Leipzig Messe has just announced the winners for the "Best of GC" during the Leipzig Games Convention 2007. The awards span across all current generation platforms and other industry-related tidbits showcased during the event, all dispersed under ten respective categories.

Among the list of 85 hardware and software entries, a lineup of finalists have been revealed. And with those finalists, it seemed to be a tough call on which to choose as the winner. Each of the finalists had their own big plus to bring into the table, that's for sure. Regardless, the winners have already been announced.

Here's the full list of winners of the Best of GC, each in their own category:

• God of War: Chains of Olympus (Sony Computer Entertainment) - PSP
• Pro Evolution Soccer 2008 (Konami) - PS2
  
• Pro Evolution Soccer 2008 (Konami) - PS3
• BioShock (Take-Two Interactive) - Xbox 360
• Mario & Sonic at the Olympic Games (Sega) - Nintendo Wii
• Eye Training (Nintendo) - Nintendo DS
• Crysis (Electronic Arts) - PC
• Age of Conan: Hyborian Adventures (Eidos) - Online
• Wii Balance Board - Hardware/Accessory/Product

An award was supposed to have been given for the Mobile category, however, there weren't enough participants to have warranted the prize.

Day 2 of the E3 Media and Business Summit seemed to be a more subdued affair compared to the events of the first day. As you guys will notice below in our daily recap, many of the news tidbits we covered for the day had more to do with the release of new assets for already announced games, along with a trickle of new information, screens and/or video for the newly announced games, such as Nintendo's Wii Fit fitness training program.

For some rather important news, you'll be able to find details on Ubisoft and Take-Two Interactive's E3 2007 briefing details, as well as look at more of the redesigned PSP in all of its slim glory. For our E3 first-look articles, you'll be able to take a gander at the first screens and info regarding Steven Spielberg's Project PQRS, as well as an exciting new dungeon addition to Blizzard's World of Warcraft: Zul'Aman. We also have tons of new screenshots and videos for everything from God of War: Chains of Olympus to Soul Calibur 4, so check our links below to savor more gaming goodness.

We're hard at work updating the site with more info so you don't miss a thing. While you wait for the latest 24/7 coverage of E3 2007, feel free to check our current coverage of day 2 of the summit, as well as our roundup of day 1. Enjoy!

Breaking News:

More images, comparison pics of the redesigned PSP
Take-Two E3 2007 Briefing details
Ubisoft E3 2007 Conference details

All the latest updates after the jump!