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Rapper Kanye West has no intention of purchasing the Parlour social media platform.
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Ye and Parlement Technologies made their plans public in October.
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The business stated at the time that it anticipated the transaction to completion in the fourth quarter of 2022.
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On Thursday, Parlement Technologies released a statement in which it claimed the following:
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Kanye West, an American rapper, and Parler, a social media site,
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Joe, now known as Ye, has consented to abandon the plan to sell Parler.
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The corporation stated in a statement that "this decision was made in the best interests of both parties" in mid-November.
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"Parlor will keep looking for new possibilities to expand our thriving community and the platform."
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Ye and Parlement Technologies made their plans public in October.
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The business stated at the time that it anticipated the transaction to completion in the fourth quarter of 2022.
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Yeh has been under fire recently for making anti-Semitic comments.
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He and famous white nationalist Nick Fuentes had dinner with former US President Donald Trump on November 22 at Trump's Florida private club.
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After the disturbances at the US Capitol in January 2021, Parler, which launched in 2018, will be discontinued.