Acquisitions: Into New Territory

On the West Coast, two widely different takeovers last week were the business talk of the territory: >Gulf & Western Industries, the auto parts, chemicals and mining conglomerate, which went hip-deep into the entertainment field last October by buying troubled Paramount Pictures in a $165 million stock swap deal, waded in farther. G&W agreed to take over Hollywood's Desilu Productions, the TV film maker controlled by Comedienne Lucille Ball, for $17 million in stock. Desilu produces four TV series (The Lucy Show, Mission: Impossible, Star Trek and You Don't Say), rents production facilities to 13 others, including I...

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