The parent company of Parler and Kanye West have no plans to buy the platform.

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Parlement Technologies confirmed the news on Thursday.

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Parler will continue to pursue future opportunities for growth.

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Earlier, Kanye and Parlement had had announced plans for the deal in October.

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At the time the company said it expected the deal to close during the fourth quarter of 2022.

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Recently, Ye has been ctiticised for making anti-Semitic remarks.

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In September, Ye terminated his partnership with apparel retailer Gap Inc.

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Parler was launched in 2018 and removed by Google and Apple in Jan 2021.

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Parler was removed following the US Capitol riots in January 2021.

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Parler have positioned themselves as free-speech app.

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