- Augmented reality firm Blippar, one of the UKs best-funded startups, is close to collapse.
- According to The Sunday Times, its chairman has written to shareholders warning of a dispute between two investors.
- Malaysian sovereign wealth fund Khazanah has reportedly blocked property tycoon Nick Candy from injecting further funding into Blippar.
- There have been months of red flags, with Blippar trying to sell itself earlier this year, internal dissatisfaction, and public accounts showing losses.
- Now, insolvency firm David Rubin and Partners has been lined up as administrators.
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Blippar could live another day if Candy, already a major shareholder, can inject further cash into t…
Read the full article at: https://www.businessinsider.com.au/blippar-collapse-administration-attempts-to-sell-the-firm-snap-2018-12
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