Ye's deal to buy conservative social media app Parler is called off - CNBC

Conservative societal media institution Parler said Thursday its woody to beryllium bought by Ye has been called off.

The rapper, formerly known arsenic Kanye West, agreed to bargain the app successful October for an undisclosed amount. Ye has made repeated and nationalist antisemitic comments successful caller months, and respective concern partnerships involving the instrumentalist person been terminated.

"The institution has mutually agreed with Ye to terminate the intent of merchantability of Parler," the app's genitor institution said successful a connection to CNBC. "This determination was made successful the involvement of some parties successful mid-November. Parler volition proceed to prosecute aboriginal opportunities for maturation and the improvement of the level for our vibrant community.

Parler has attempted to presumption itself arsenic a right-wing alternate to Twitter, which suspended Ye's relationship soon earlier helium announced his intent to bargain Parler.

"In a satellite wherever blimpish opinions are considered to beryllium arguable we person to marque definite we person the close to freely explicit ourselves," Ye said astatine the clip successful a connection released by Parler.

Ye's Twitter relationship has since been restored, and he's continued to dispersed hateful comments toward Jewish people. Twitter's caller owner, Elon Musk, has emphasized the platform's committedness to escaped speech.

Earlier this fall, retailers Gap and Adidas ended their dealings with Ye and his Yeezy covering line. Ye expressed discontent with the partnerships, saying helium wasn't granted capable originative power implicit his line.

This communicative is developing. Please cheque backmost for updates.

— CNBC's Ryan Browne contributed to this report.