https://www.axios.com/2022/12/01/ye-is-no-longer-buying-parler

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Updated 1 hour ago - Economy & Business

Ye is no longer buying Parler

[]Dan PrimackDan Primack

  * Dan Primack
  * Sara Fischer

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Kanye West and Parler app

Photo: CHRIS DELMAS/AFP via Getty Images

Parler announced Thursday it reached a mutual agreement with Ye,
formerly known as Kanye West, to terminate the sale of the social
media app.

Driving the news: The announcement from Parler, which has become a
haven for conservatives, came hours after Ye spewed a torrent of
antisemitic remarks during an interview with conspiracy theorist Alex
Jones.

Be smart: The deal already was on life support, as Axios previously
reported, and it's unclear if a formal merger agreement was ever
signed. Parler originally said it had an agreement "in principle,"
and today referred to it as "intent of sale."

  * A Parler spokesperson previously told Axios that the acquisition
    was set to close by year-end but declined to say if Ye ever had
    signed paperwork to that effect.
  * In a statement, Parler's parent company said: "This decision was
    made in the interest of both parties in mid-November. Parler will
    continue to pursue future opportunities for growth and the
    evolution of the platform for our vibrant community."
  * A source familiar with the situation said that Ye's precarious
    financial situation -- including the loss of his Adidas deal --
    played a role in the deal collapse.

By the numbers: Ye has just around 55,000 followers on Parler,
compared to 18.5 million on Instagram and 32.2 million on Twitter.

Editor's note: This story is developing and will be updated.

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