Parlement Technologies, the parent company of social media app Parler, said it will be acquired by rapper Kanye West.
Parler, a popular app among conservatives, said it expects the deal to close during the fourth quarter of 2022. It did not give a deal value.
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” Kanye West, who legally changed his name to simply Ye last year, said in a statement.
Ye’s Instagram and Twitter accounts have been restricted before, most recently this month when social media platforms removed his posts that online users condemned as anti-Semitic.
The American rapper announced in 2020 that he would run for U.S. President in an apparent challenge to former U.S. President Donald Trump, but later pulled out.
Last month Parler created a new parent company, Parlement Technologies Inc as part of an overhaul.
