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Bono eyes 'Grand Theft Auto' investment?

According to the New York Post (payment required for full text), U2 singer Bono's private equity firm, Elevation Partners, may be interested in a bid for Take-Two Interactive, the game studio responsible for the violent and overwhelmingly popular "Grand Theft Auto" series.

The paper reports that a deal could be worth more than $1 billion, including debt, and that Elevation Partners has teamed up with Pequot Capital, a firm that owns a large block of Take-Two shares.

The prospect of the deal is raising eyebrows in some circles, with an editorial in Tuesday's San Francisco Chronicle questioning whether a singer so concerned with social justice ought to be dabbling in a game "chock-full of violence, murder and, oh, yes, theft."