News of ICOA Inc’s acquisition by Google was making the rounds earlier today and it turns out rather embarrassingly that the deal never took place.
The CEO of ICOA has confirmed that the $400 million dollar deal never happened. “Never had any discussions with any potential acquirers!! This is absolutely false!”, wrote George Strouthopoulos. The news has been further falsified by ICOA’s CFO Erwin Vahlsing, Jr.
The false report originally appeared on PRWeb which is rather suspicious in the first place. Acquisitions such as these are generally announced by the companies involved through a press release.