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Kanye West Is No Longer Buying Parler

Thursday December 1, 2022. 11:40 PM , from Slashdot
Parler announced Thursday it reached a mutual agreement with Ye, formerly known as Kanye West, to terminate the sale of the social media app. Axios reports: 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.

Read more of this story at Slashdot.
https://tech.slashdot.org/story/22/12/01/2237249/kanye-west-is-no-longer-buying-parler?utm_source=rs...
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