Previously, we reported that Ye, FKA Kanye West is bidding to acquire a popular conservative social media platform called Parler according to the company’s CEO George Farmer.
The latest report has it that Ye will no longer be acquiring the company according to the company via a tweet. The decision to abandon the deal is said to be mutual.
According to Parler’s parent company, Parlement Technologies, they have a mutually “agreed with Ye to terminate the intent of sale of Parler. 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.”
The popular rapper and businessman is going through a lot of difficulties at the moment which could potentially be part of the factors leading to the mutual decision; says a person familiar with the matter.
Over the past couple of weeks, the rapper has seen the majority of his net assets evaporate over his antisemitic remarks.
Back in October, his lucrative deal with German sportswear brand, Adidas was terminated which had a massive impact on his total net worth.
He also lost his partnership with other luxury brands such as Gap and Balenciaga. Ye also claimed that the IRS have frozen several of his accounts over unpaid tax bill worth $50 million.
Ye’s intent to purchase Parler was first announced in October.