There's a lot going on in the videogames industry, corporate-wise, and it seems that Midway is also joining the fray - with none other than CEO Matt Booty talking about how the publisher famous for the Mortal Kombat series might possibly be joining Viacom. Interested? Then check out all the details in the full article, and see what it means to you as well as the industry in general.

When bands leave their managers, there's usually a bitter aftertaste involved. In the case of old partners Harmonix and Activision, a similar predicament has risen. A royalty dispute concerning Guitar Hero III: Legends of Rock (Xbox 360, Wii, PS3, PC) was taken to court but was quickly withdrawn. Details follow right after the jump.

Movie firm Paramount clued in its interest in the games after expressing its excitement over the progress of the video game sector. Paramount Digital's Alex Carloss, currently the division's general manager of worldwide distribution, stated that we're bound to see more of Paramount in games. In-game ads, perhaps? Find out more at the full story.

Heads up! We got the latest news regarding the rumor spreading that Viacom's out to buy Take-Two Interactive. Apparently the media conglomerate is has not talked with the game developer about this so-called purchase.

Both companies have offered "no comment" regarding this matter. More information on this event in the full article.

Ladies and gentlemen, it's that time again where we have to scale the ever growing rumor mill on Take-Two Interactive.

This time, there's information going around the Viacom will be buying Take-Two Interactive. Check out the details of the rumor via the "read more" link below.

After news of a move by the company's shareholders to replace Take-Two's board of directors and CEO broke, the company revealed that it is currently considering selling itself outright. A lot of speculation has surrounded the possible sale, but analysts still aren't sure who'd be buying Take-Two.

Wedbush Morgan Securities's Michael Pachter called Take-Two's stock "overvalued" last month, and said that the possibility of the publisher being acquired, sold in pieces, or made a target of activist shareholders is unlikely. According to GameSpot, Pachter is sticking to his assessments of the company's prospect.

"I can't see a sale happening, unless there is truly a 'greater fool' out there," Pachter said. Pachter noted that if a sale was indeed imminent, a prospective buyer could have picked up the publisher during its stock slump last year for about half what it would have to pay now.

GameSpot also got a rundown on a few possible buyers from Nollenberger Capital Partners analyst Todd Greenwald. According to Greenwald, Electronic Arts has the resources to pull off such an acquisition. Greenwald also said that EA's new CEO John Riccitiello would be more inclined to pull the trigger on such a deal than former head Larry Probst.

"Ubisoft might be able to pull it off," Greenwald said. "Other than that, Activision and Elevation Partners are the only other real possibilities I see. I don't see a News Corp. or Viacom going for it."