Why James Baillieu doesn't believe in the Updater unicorn

Liz Main and Jemima Whyte

Mar 20, 2019 – 7.26pm

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Updater shareholder James Baillieu says he is being blamed for a botched capital raising process, after the private tech company told investors its anticipated $1.1 billion deal may be hurt by Mr Baillieu's threats of legal action.

Mr Baillieu is due to speak to Updater chief executive David Greenberg on Thursday morning after exchanging a series of emails this month.

Liz Main is a journalist for The Australian Financial Review based in the Melbourne office.

Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years.