Parlement Technologies, the parent company of the popular social media platform "Parler," published a press release Monday saying it's being acquired by Ye (formerly known as Kanye West). 

In a statement, Ye said he's acquiring the social media platform, a favorite among American conservatives, to ensure people "have the right to freely express ourselves." 

Parlement Technologies said it entered into "an agreement in principle" to sell Parler to Ye for an unknown amount. 

The press release provides a backlink to Ye's Parler page, though no content has been posted. 

News of the acquisition comes after Instagram, and now Twitter restricted Ye's accounts after violating both companies' policies. More specifically, Ye responded to the Instagram restrictions with a deleted tweet, writing:

Parler was reinstated by Apple earlier this year and returned to Google's app store last month. 

The deal is "expected to close during the fourth quarter of 2022," Parlement wrote in the press release.