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The Brexit Party leader had planned to run candidates in 600 seats after Mr Johnson rejected his offer of a "Leave alliance" to deliver Brexit.
But he has been under pressure not to split the pro-Brexit vote.
The party will not now stand in 317 seats won by the Tories in 2017, but will continue to stand elsewhere.
Mr Farage said his party would focus its efforts on trying to take seats held by Labour, whom he accused of "betraying" its Leave-supporting voters.
Nick Watt reports, while Emily Maitlis is joined in the studio by correspondent James Clayton, the Brexit Party's Ben Habib and Conservative Lord Hayward.
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Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
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