Kanye West cancels plan to buy Parler

According to a statement released by Parlement Technologies on Thursday, December 1, the parent company of the social media platform Parler and American artist Kanye West, now known as Ye, have mutually agreed to terminate the sale of Parler.

Mid-November, this decision was made in the best interest of all parties, the corporation said in a statement. “Parler will continue to pursue future development and platform evolution prospects for our thriving community.”

In October, Parlement Technologies and Ye revealed preparations for the transaction. The business expected the transaction to close around the fourth quarter of 2022.

In recent months, Ye has been attacked for making anti-Semitic statements. On November 22, he met with former US President Donald Trump and notorious white nationalist Nick Fuentes at Trump’s private club in Florida.

Ye ended his collaboration with clothing retailer Gap Inc. in September. In October, German sporting goods manufacturer Adidas ended its collaboration with Ye.

The 2018-launched app Parler has been reinstalled on Google and Apple Inc’s app stores following its removal in January 2021 following the US Capitol disturbances. Parler is one of several social media platforms, along with Gettr, Gab, and Truth Social, that have positioned themselves as free-speech alternatives to Twitter Inc. prior to Elon Musk’s acquisition of the company.