Chase Manhattan Bank is expected to finance HSN Inc.'s purchase of the television assets of Universal Studios Inc.

The companies announced Monday that HSN would pay Universal $1.2 billion in cash for a majority stake in the television components of its business. However, as part of the payment package, Universal would retain a 45% stake in the company.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.