Blippar appoints administrators after failing to reach funding deal

Blippar has appointed administrators after failing to find additional funding, following a dispute between investors Nick Candy and Malaysian sovereign wealth fund Khazanah.
Earlier this month, reports surfaced that Blippar’s board had warned shareholders that Khazanah had blocked £4m of emergency fundraising. It said as a result the company had been left with “no current option other than to give notice to start insolvency proceedings”.
However, investors in the London-b