A spate of press reports on Monday heralded Google's latest
takeover deal: An apparent $400 million purchase of ICOA, a Warwick, R.I.,
company that makes Wi-Fi hotspots for public areas like parks and
airports. Not so fast, ICOA executives
said soon after. Turns out the press release announcing the deal was a hoax.
The official-looking notice appeared on PRWeb, a distributor
of press releases and other corporate announcements. The story was then
reported by several news organizations, including the Associated Press, as well
as tech blogs, such as TechCrunch.
Then the retractions began pouring in, as ICOA and people
familiar with Google's operations began to deny the report. The press release
has since been taken down by PRWeb. A representative from the company did not
respond to a request for comment. Google (GOOG, Fortune 500) also declined to
comment.....
Wait, wait...there's more at http://money.cnn.com/2012/11/26/technology/google-icoa-hoax/index.html
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