OXM: Grand Theft Auto V announcement “later this summer”

Expect Grand Theft Auto V to be announced soon, if the “Crystal Ball” section in the latest issue of the Official Xbox Magazine is to be believed.

The magazine reads: “Time’s up, says The Ball. Expect Grand Theft Auto V to be announced later this summer.”

Gamescom happens in Cologne next month. If the late summer announcement is true, the Germany-based show would probably play host.

Last we heard, Grand Theft Auto V was “well underway.” The game is rumored to be set in Hollywood, California.

Thanks, NeoGAF.