Kanye West will purchase the free expression social networking site Parler after the suspension of his Twitter and Instagram accounts, according to several sources on Monday.
In a press statement and a posting to Parler, parent business Parlement Technologies revealed a deal in principle for the rapper to assume control through a financial investment.
According to the Wall Street Journal, the acquisition “ensures Parler a future role in developing an unstoppable ecology where all perspectives are welcome.”
The bid follows West’s antisemitic tirade over the weekend in which he targeted “Jewish media” while blaming Jews for a slew of other evils in his life, according to Breitbart News.
West lashed out at the “Jewish media” in a recent episode on Revolt TV’s Drinking Champions program, hosted by rapper Noreaga, alias N.O.R.E and DJ EFN.
He is now looking to open his own store.
“In a society when conservative views are considered controversial, we must ensure our ability to openly express oneself,” West said in a statement posted by Parler.
West is said to be worth $2 billion. His Yeezy footwear brand and agreements with Gap and Adidas have contributed significantly to his fortune.
“This merger will transform the entire world, and alter the way the world thinks about free expression,” said Parler CEO George Farmer. “Ye is making a game-changing step into the freedom of speech media field, and he will not have to be concerned about being blocked from social networking sites again.”
The parties aim to engage into a certain acquisition agreement and expect to complete in the final quarter of 2022, according to the provisions of their agreement in principle.
West’s Instagram and Twitter accounts were suspended last week, with a spokeswoman for Facebook (currently known as Meta), Instagram’s parent company, claiming the rapper breached the company’s regulations.
West’s Twitter account remains active, but he will not be able to post anything until the suspension is lifted, which could take an indefinite amount of time.
West was chastised earlier this month for having a White Lives Matter T-shirt on at his London Fashion Week show, according to Breitbart News.