American rapper, singer, songwriter, record producer, and fashion designer Kanye West, who now goes by the moniker Ye, has proposed to buy the Parler social media platform, parent Parlement Technologies said on Monday.
Nashville-based Parler, which has raised about $56 million till date, said it expects the deal to close during the fourth quarter of 2022. It did not give a deal value.
The deal comes as Parler, launched in 2018 and styled itself as a free-speech space for those seeking an alternative to platforms such as Twitter…
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” Ye said in a statement.
Ariel Zilber for The New York Post:
The rapper has also had problems with major social media platforms, being restricted a number of times.
Most recently, West was locked out of his Instagram by Facebook parent Meta Platforms for posts that online users condemned as anti-Semitic. He then moved to Twitter, posting for the first time in two years.
Last year, Bloomberg reported that West had $122 million in cash and stock as well as billions more in other assets, including his apparel lines.
In total, the Swiss bank UBS valued his sneaker and apparel business, over which West retains sole creative and ownership control, at somewhere between $3.2 billion and $4.7 billion last year, according to Bloomberg.
Parlement Technologies’ press release, verbatim:
Ye, formerly known as Kanye West, to acquire Parler platform
Parlement Technologies announced today that it has entered into an agreement in principle to sell Parler, the world’s pioneering uncancelable free speech platform, to Ye (formerly known as Kanye West). Ye has become the richest Black man in history through music and apparel and is taking a bold stance against his recent censorship from Big Tech, using his far-reaching talents to further lead the fight to create a truly non-cancelable environment.
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” says Ye.
The proposed acquisition will assure Parler a future role in creating an uncancelable ecosystem where all voices are welcome. Ye can be found on Parler here.
Parlement Technologies CEO George Farmer welcomes Ye as a compatriot in the fight for free speech. “This deal will change the world, and change the way the world thinks about free speech. Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again. Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals.”
Under the terms of their agreement in principle, the parties intend to enter into a definitive purchase agreement and expect to close during the fourth quarter of 2022. The terms of the proposed transaction would include ongoing technical support from Parlement and the use of private cloud services via Parlement’s private cloud and data center infrastructure.
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A fool and his money are soon parted
🥱
Should have bought Truth. Cheap!
Ye “Naah…I just went defcon3 on DWAC and tanked the shares for the lolz”
He is blowing up every bridge that ever existed.
He’s making the Children of Satan very nervous.
So is Shemeka Michelle (with whom I am now in love):
https://twitter.com/elonmusk/status/1582098917696901120