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Sony don't want a company like Rockstar. Rockstar and Sony as companies would see eye to eye on nothing and Sony head management would get really pissed off with the constant lawsuits. They have enough lawsuits (different reasons, but lawsuit is a lawsuit) of their own without incurring Rockstars as well.

And if EA/Activision bought out Rockstar, say goodbye to GTA as we know it because neither company would go through the controversy that always surrounds Rockstar and the talent within Rockstar would quit when the they were put on a leash to prevent lawsuits.

You see, Rockstar within Take-Two have a lot of freedom and they won't get anywhere near that freedom from MS, Sony, EA, Activision or any other big company.