Parlement Technologies said it has struck an agreement in principle with the rapper-turned-fashion giant after rival social media sites restricted his access over comments deemed racist or hate speech.
00:00Ye, formerly known as Kanye West, has agreed to buy the conservative social media platform Parler and its parent company, Parliament Technologies.
00:08Terms of the deal were not disclosed, but the company said in a statement,
00:11The proposed acquisition will assure Parler a future role in creating an uncancellable ecosystem where all voices are welcome.
00:18Ye's proposed deal to take over Parler was welcomed by CEO George Farmer, the husband of conservative pundit Candace Owens.
00:25Farmer said in a statement, Ye is making a groundbreaking move into the free speech media space, and will never have to fear being removed from social media again.
00:33Once again, Ye proves that he is one step ahead of the legacy media narrative. Parliament will be honored to help him achieve his goals.
00:40Under the tentative agreement in principle, the parties, quote,
00:43Intend to enter into a definitive purchase agreement and expect to close the deal in the fourth quarter of 2022.
00:49Ye said in his own statement,
00:50In a world where conservative opinions are considered to be controversial, we have to make sure we have the right to freely express ourselves.
00:57Ye agreeing to buy Parler follows Twitter taking down one of his tweets, criticized as anti-Semitic for violating its rules.
01:04Meanwhile, Meta similarly restricted Ye's Instagram account for violating the platform's policies.
01:09For more on this story and the latest news, go to THR.com.
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