Business: Personal File: Apr. 27, 1962

∙Because it simultaneously acts as agent for most of Hollywood's top talent, is the nation's largest producer and distributor of TV films, and holds TV rights to Paramount's pre-1948 film library, MCA Inc. is uneasily known in the film capital as "The Octopus." Though MCA's elusive President Lew Wasserman, 49, has refused to admit it, show-biz savants have long suspected that the octopus would like to stretch its tentacles into movie production. Last week directors of New York's Decca Records, Inc. approved Wasserman's offer of MCA stock worth an estimated $50 for every share of Decca stock. The proposed merger, which...

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