Augmented reality and computer vision company Blippar has a new lease on life, as previous investor Candy Ventures has completed a successful bid to acquire the assets of the beleaguered company.
Blippar entered administration (the UK’s version of bankruptcy) last month after a dispute between investors. In a statement, Candy Ventures blames the Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, for blocking further funding that would have enabled Blippar to avoid administration.
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Source: Blippar Reborn as One of Britain’s ‘Brothers Bling’ Buys Up Augmented Reality Assets for Relaunch
