UK-based augmented reality (AR) company Blippar is days away from insolvency amid a dispute among investors over the injection of emergency funding. Property developer Nick Candy attempted to bolster the firm with a further $5m, but the emergency investment was not approved by the Malaysian sovereign wealth fund Khazanah. The latest development comes as the UK government has been forced into an embarrassing U-turn on its plans for Britain to leave the European Union.
UK-based augmented reality (AR) company Blippar is days away from insolvency amid a dispute among investors over the injection of emergency funding. Property developer Nick Candy attempted to bolster the firm with a further $5m, but the emergency investment was not approved by the Malaysian sovereign wealth fund Khazanah. Insolvency practitioners David Rubin & Partners have been called in, leading some to speculate that Candy may now plan to purchase the business.