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		<title>Update: Fake press release touts Google acquisition that didn&#8217;t really happen</title>
		<link>http://venturebeat.com/2012/11/26/google-buys-icoa-400m/</link>
		<comments>http://venturebeat.com/2012/11/26/google-buys-icoa-400m/#comments</comments>
		<pubDate>Mon, 26 Nov 2012 15:59:39 +0000</pubDate>
		<dc:creator>Ricardo Bilton</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[acqusitions]]></category>
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		<description><![CDATA[<p>CEO: "The fake release likely came from "a stock promoter with a dubious&#160;interest."</p>
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<p><em><strong>Updated 9:20am Pacific</strong>: We&#8217;ve corrected this story. According to reports, Google has not acquired Icoa. We regret the error.</em></p>
<p>Icoa CEO George Strouthopoulos is denying reports that Google has acquired his company. &#8220;This is NOT TRUE!! Never had any discussions with any potential acquirers!! This is absolutely false!” he wrote in an email to TechCrunch.</p>
<p>While there&#8217;s no official denial from Google yet, company sources <a href="http://allthingsd.com/20121126/google-sources-say-company-didnt-buy-icoa-wireless/" target="_blank">have also told AllThingsD</a> that the report isn&#8217;t true.</p>
<p>News of the acquisition came in the form of a press release on PRweb, with no accompanying announcement from Google or Icoa. Strouthopoulos says the fake release likely came from &#8220;a stock promoter with a dubious interest.&#8221;</p>
<p>The press release purported to announce that <a href="http://www.prweb.com/releases/2012/11/prweb10167402.htm" target="_blank">Google had acquired Icoa</a>, a company that offers Wi-Fi service in places like restaurants, hotels, and airports.</p>
<p>Icoa says it manages over 500,000 logins a month from users accessing its hotspots. That would be a pretty significant captive audience for an ad-based company like Google to target.</p>
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	<enclosure url="http://venturebeat.files.wordpress.com/2011/06/google-logo-sign.jpg" /><source url="http://venturebeat.com/2012/11/26/google-buys-icoa-400m/">Update: Fake press release touts Google acquisition that didn&#8217;t really happen</source>
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