The rapper formerly known as Kanye West will no longer be acquiring Parler, the alternative social media platform preferred with the aid of conservatives which includes a few distance-right extremists, the organization introduced on Thursday. West has legally changed his name to Ye.
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The choice to desert the deal was mutual, Parler tweeted.
In an assertion, Parler’s figure, Parlement technology, stated it “has collectively agreed with Ye to terminate the reason of the sale of Parler. This selection become made in the interest of both parties in mid-November. Parler will maintain to pursue future opportunities for the increase and the evolution of the platform for our colorful community.”
Ye’s ongoing business problems were an element in the mutual choice, a person acquainted with the matter advised.
In recent weeks, Ye has visible a number of lucrative commercial enterprise offers evaporate over his antisemitic feedback. In October, sports clothing maker Adidas said it had ended its partnership with Ye. Different partnerships, along with gap and Balenciaga, have additionally ended. And earlier this week, Ye claimed on a proper-wing podcast that the inner revenue provider had frozen numerous of his bills over an unpaid tax bill well worth $50 million.
Ye’s intent to buy Parler turned into first announced in October.
