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Nintendo does not need to buy studios like Activition or RockStar. I fear if they do, it'll run the same scenario with what happened when Microsoft bought Rare. Rare now does not even hold a candle to their former selves.
Anyway, I think Nintendo should create their own rogue studio. A studio who understand their philosophy of success and understand how they run their business model.
They almost had that with Rare when Rare created Conker.
I mean they like to have 'dark' versions of their characters anyway. Why not take it further and create a new IP with just that.

Or they can start working with third party studios such as Silicon Knights and create Rate M game(s) again like Eternal Darkness.

There are so many things Nintendo can do without wasting their money and buy Activision or Rockstar. Besides neither of them, IMO, are creative enough to be under Nintendo. Nintendo is a trend-setter