US broadband firm ICOA denies news on takeover by search giant Google

Google

US broadband networks operator ICOA Inc (PINK:ICOA) rejected the information released by a news portal on Monday, which claimed that Google Inc (NASDAQ:GOOG) had acquired it for USD400m (EUR308m).

In an email sent to Reuters, ICOA’s CEO, George Strouthopoulos, said that his company had never held acquisition discussions with Google and that the press release, which, in his words, was probably disseminated by “a stock promoter with a dubious interest”, was a hoax. He added that ICOA would report the event to the proper authorities.

The takeover was initially reported by PRWeb, a service for publishing press releases owned by US cloud marketing software provider Vocus Inc (NASDAQ:VOCS) and later covered by the Associated Press and technology blog TechCrunch, among others. Vocus did not rule out the possibility of an identity theft and said it had referred the matter to authorities.

Google refused to comment.

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