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Google is Not Buying USA Based Wi-Fi Network, Icoa
Published on:
Confusion abounds over reports that Google has paid US$400 million to buy the USA based Wi-Fi network provider, Icoa.
A press release distributed on a public newswire announced the deal, but there was no confirmation from the company itself, or from Google.
That Icoa didn't say anything is not a surprise as its press page was last updated two years ago, but Google usually spits out a short blog post announcing deals of this size.
Later, TechCruch secured a comment from Icoa, denying that it had been sold to Google.
The question then is who uploaded the fake press release to the news wires - and was it a criminal attempt to manipulate the shareprice of the company, which jumped sharply on the news, only to fall back when speculation about the veracity of the reports surfaced.
On the web: Icoa shareprice - TechCruch
Tags: [google] [icoa] [wi-fi] [USA]
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