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Amid backlash for anti-semetic comments that got Ye (formerly known as Kanye West) kicked off of Instagram and Twitter last week, the rapper has what Parler is calling "an agreement in principle" to purchase the conservative social media app.

In a statement released by Ye, he said that he is purchasing Parler to ensure that people, "have the right to freely express ourselves."

Parlement Technologies, Parler's parent company published a press release Monday stating that the company has "an agreement in principle" to sell Parler to Ye. Neither Parlement Technologies nor the rapper has disclosed the dollar amount of the transaction.

Parler's press release said, "The proposed acquisition will assure Parler a future role in creating an uncancelable ecosystem where all voices are welcome."

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While both Twitter and Instagram have blocked Ye's recent anti-semetic posts citing violation of their policies, Parlement Technologies CEO, George Farmer, is welcoming Ye's purchase of Parler saying, "The deal will change the world, and change the way the world thinks about free speech. Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again. Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honored to help him achieve his goals."

Parler has not been without its own troubles. The app became available in Google's app store last month and returned to the Apple store last year after previously being dropped by both companies.

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