NEW YORK — USA Networks Inc., owner of the Home Shopping Network cable-television channel, said it agreed to buy a majority stake in online retailer Styleclick.com Inc. for about $379.2 million to bolster its Internet shopping business.
USA Networks will combine its Internet Shopping Network to form a new company called Styleclick Inc. It will receive about 23.1 million shares, or 75% of Styleclick, and contribute about $40 million in cash and $10 million in advertising. It will lend the venture about $10 million.
