As a contract with musician Ye, formerly known as Kanye West, fell through, a new bidder has now reportedly bought the conservative social network Parler.
Parlement Technologies, the parent business of Parler, revealed on Friday that it has reached an agreement to sell the app to Starboard, the owner of conservative news websites including BizPac Review and American Wire News.
In order to complete its platform update plans, Starboard will temporarily shut down the website.
The two businesses declined to provide more detailed payment information.
George Farmer, the company’s current CEO, will step down, and Igor Shalkevich, the chief development officer, will succeed him.
In October, following the suspension of his Instagram and Twitter accounts, Ye made a bid to buy Parler. The agreement is thought to have come about as a result of Ye’s friendship with Farmer’s wife, conservative commentator Candace Owens.
In November, the two parties mutually agreed to discontinue their agreement for Ye to buy the app.
After being banned from both Google’s and Apple’s app stores as well as Amazon Web Services’ cloud computing services, Parler made news in January 2021.
The Big Tech firms argued that Parler had not gone far enough to prevent or ban the posts that had sparked the Capitol riot on January 6, 2021.
Since then, Parler has been added back to Google and Apple’s app stores.