Kanye West agrees to buy social media app Parler

Woman holding smartphone with Parler logo in front of displayed same logo in this illustration taken May 17, 2021. REUTERS/Dado Ruvic

(Reuters) -American rapper Kanye West, who now goes by Ye, has agreed in principle to buy Parler, the social media platform popular among U.S. conservatives, parent company Parlement Technologies said on Monday.

Nashville-based Parler, which has raised about $56 million to date, said it expects the deal to close during the fourth quarter of 2022. It did not give a deal value.