UPDATE: V21 has now issued its own statement - included at the bottom. In an unusual twist, UK ISP Biscit today announced hat it has withdrawn its offer to acquire the entire shareholding of Internet service provider V21.co.uk (V Two One):


If we’re reading that correctly and we probably haven't =), Biscit felt that V21 wasn't worth as much as they were asking and made a lower offer, which has been rejected.

4:38pm Update

In an effort to get its side of the story across, V21 has now issued its own small press release:


Judging by the title of v21's response we'd say that there is a fair bit of bad blood between the two ISP’s, although any specifics remain unclear and will probably remain so.