Dec 1 (Reuters) – The dad or mum firm of social media platform Parler and American rapper Kanye West, who now goes by Ye, have agreed to terminate the intent of the sale of Parler, in accordance with a press release from Parlement Applied sciences on Thursday.
“This determination was made within the curiosity of each events in mid-November,” the corporate mentioned in a press release. “Parler will proceed to pursue future alternatives for progress and the evolution of the platform for our vibrant group.”
Parlement Applied sciences and Ye had introduced plans for the deal in October. On the time the corporate mentioned it anticipated the deal to shut in the course of the fourth quarter of 2022.
Ye has been criticized in latest months for making anti-Semitic remarks. On Nov. 22 he dined with former U.S. President Donald Trump at Trump’s personal membership in Florida together with Nick Fuentes, a outstanding white supremacist.
In September, Ye terminated his partnership with attire retailer Hole Inc (GPS.N). German sporting items maker Adidas (ADSGn.DE) terminated its partnership with Ye in October.
Parler, which launched in 2018, has been reinstated on Google and Apple Inc’s app shops after being eliminated following the U.S. Capitol riots in January 2021. Parler is one among a number of social media platforms, together with Gettr, Gab and Reality Social, which have positioned themselves as free-speech alternate options to Twitter Inc previous to its new possession beneath billionaire Elon Musk.
Reporting by Helen Coster
Modifying by Chris Reese and David Gregorio
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