Share tweet Facebook Share article The company, which is controlled by Comcast parent company Time Warner Cable, plans to acquire the company, whose stock is up 16% this year.
It plans to pay $1 billion for the company.
The deal will be announced in the fourth quarter of 2019, Comcast said in a statement.
Jyp is a streaming-video platform that includes JypTV, which offers an assortment of premium live sports, concerts and other content.
A standalone site, JypLive, will also be acquired, the company said.
The purchase of Jyp was first reported by CNBC and Reuters.
Comcast’s stock has risen nearly 12% this week, up about 15% this morning, according to data from FactSet.
The deal comes as Comcast is also shopping for a TV rights deal for the cable-TV provider’s sports channels, which could lead to more DirecTV Now, Dish Network’s streaming-TV service.
Comcast also is looking to sell off the cable giant’s NBCUniversal TV division, which includes CNBC and NBC.