This comes after his Instagram and Twitter accounts were banned last week for the anti-Semitic messages he posted on the platforms.
Parler is known as a free-speech platform, alternative to mainstream social media channels. Its users are predominantly US conservatives.
The CEO of the company George Farmer has said that Ye "will never have to fear being removed from social media again".
The press release which announced the deal stated that: "Under the terms of their agreement in principle, the parties intend to enter into a definitive purchase agreement and expect to close during the fourth quarter of 2022."
It also said that the deal will include "ongoing technical support" from Parler.
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