NanoUniverse, the Anglo-American internet incubator, yielded to pressure from its majority shareholder, Laxey Partners, the Isle of Man-based investment house, and has finally agreed to wind up business.

The news ends several months of wrangling between NanoUniverse and Laxey, which owns between 25% and 30% of the company. It culminated in Laxey agreeing with NanoUniverse's board to withdraw the share requisition it served on the July 2.