cloud - based augmented reality ( AR ) company plc is days away from insolvency amid a dispute among investors over the injection of emergency funding . software developer Nick Candy attempted to buy the firm with a further $ 5 m , but the emergency funding was not approved by the Malaysian sovereign wealth fund Khazanah . Insolvency practitioners like Rubin & Partners have been called in , leading some to speculate that Candy may now plan to purchase the business .
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.